PPP Loan Data — BOU Matic LLC, Madison, WI
BOU Matic LLC is a limited liability company (LLC) located at 2001 S Stoughton Rd in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,965,564.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
BOU Matic LLC received a Paycheck Protection Loan of $2.97M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, BOU Matic LLC's total 2019 payroll expenses were approximately $14.23M in order to qualify for the PPP loan amount received.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $68,767 per employee1.
Business Information - BOU Matic LLC in Madison, WI
2001 S Stoughton Rd
Madison, WI 53716
Food Product Machinery Manufacturing (NAICS code 333241)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-02
Similar Companies near Madison
In the Madison area, 2 businesses in the "Food Product Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 207) and received an average PPP loan of $1,493,570 (compared to this company's $2.97M).
Similar Nearby Businesses Who Received PPP Funding:
Two Sweet Cakes, LLC
Industry PPP Comparison Statistics
Nationwide, 710 businesses in the "Food Product Machinery Manufacturing" industry received a total of $202,544,701.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 90% lower than BOU Matic LLC's reported 207 employees, and received an average PPP loan of $285,274, 90% lower than this company's loan of $2.97M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!