Bruno Independent Living Aids, Inc. in Oconomowoc, WI - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Bruno Independent Living Aids, Inc., Oconomowoc, WI

Bruno Independent Living Aids, Inc.

Entity: Subchapter S Corporation

Industry: Surgical Appliance and Supplies Manufacturing

Location: Oconomowoc, WI

Bruno Independent Living Aids, Inc. is a subchapter s corporation located at 1780 Executive Drive in Oconomowoc, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $5,980,447.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.98M

Jobs Retained:

414

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Bruno Independent Living Aids, Inc. received a Paycheck Protection Loan of $5.98M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bruno Independent Living Aids, Inc.'s total 2019 payroll expenses were approximately $28.71M in order to qualify for the PPP loan amount received.

Based on their reported 414 jobs retained, this equals an estimated average yearly compensation of $69,339 per employee¹.

Because the loan received by Bruno Independent Living Aids, 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 - Bruno Independent Living Aids, Inc. in Oconomowoc, WI

Bruno Independent Living Aids, Inc.
1780 Executive Drive
Oconomowoc, WI 53066

Business Industry

Surgical Appliance and Supplies Manufacturing (NAICS code 339113)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-05

Industry PPP Comparison Statistics

Nationwide, 1,818 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a total of $300,003,901.00 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 12 employees, 97% lower than Bruno Independent Living Aids, Inc.'s reported 414 employees, and received an average PPP loan of $165,019, 97% lower than this company's loan of $5.98M.

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.

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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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