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PPP Loan Data — C.G. Bretting Manufacturing Co., Inc, Ashland, WI

SBA PPP loan data, payroll data, and salaries for C.G. Bretting Manufacturing Co., Inc
WI

C.G. Bretting Manufacturing Co., Inc

Entity: Corporation

Industry: Corrugated and Solid Fiber Box Manufacturing

Location: Ashland, WI

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C.G. Bretting Manufacturing Co., Inc is a corporation located at 3401 Lake Park Rd in Ashland, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $7,365,737.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.37M

Jobs Retained:

454

Loan Approved:

2020-04-28

Lender:

SECURITY STATE BANK

C.G. Bretting Manufacturing Co., Inc received a Paycheck Protection Loan of $7.37M through SECURITY STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, C.G. Bretting Manufacturing Co., Inc's total 2019 payroll expenses were approximately $35.36M in order to qualify for the PPP loan amount received.

Based on their reported 454 jobs retained, this equals an estimated average yearly compensation of $77,876 per employee1.

Because the loan received by C.G. Bretting Manufacturing Co., 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 - C.G. Bretting Manufacturing Co., Inc in Ashland, WI

C.G. Bretting Manufacturing Co., Inc
3401 Lake Park Rd
Ashland, WI 54806

Business Industry

Corrugated and Solid Fiber Box Manufacturing (NAICS code 322211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-07

Industry PPP Comparison Statistics

Nationwide, 520 businesses in the "Corrugated and Solid Fiber Box Manufacturing" industry received a total of $288,157,321.00 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 43 employees, 91% lower than C.G. Bretting Manufacturing Co., Inc's reported 454 employees, and received an average PPP loan of $554,149, 92% lower than this company's loan of $7.37M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cg-bretting-manufacturing-co-inc-ashland-wi