Brauns Industries, Inc. in Van Wert, OH - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Brauns Industries, Inc., Van Wert, OH

Brauns Industries, Inc.

Entity: Corporation

Industry: All Other Miscellaneous Ambulatory Health Care Services

Location: Van Wert, OH

Brauns Industries, Inc. is a corporation located at 1170 Production Drive in Van Wert, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,253,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.25M

Jobs Retained:

349

Loan Approved:

2020-04-11

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Brauns Industries, Inc. in Van Wert, OH received a Paycheck Protection Loan of $3.25M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Brauns Industries, Inc.'s total 2019 payroll expenses were approximately $15.62M in order to qualify for the PPP loan amount received.

Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $44,750 per employee¹.

Because the loan received by Brauns Industries, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Brauns Industries, Inc. in Van Wert, OH

Brauns Industries, Inc.
1170 Production Drive
Van Wert, OH 45891

Business Industry

All Other Miscellaneous Ambulatory Health Care Services (NAICS code 621999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-05

Industry PPP Comparison Statistics

Nationwide, 13,305 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1,358,409,224.00 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 11 employees, 97% lower than Brauns Industries, Inc.'s reported 349 employees, and received an average PPP loan of $102,098, 97% lower than this company's loan of $3.25M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.

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