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PPP Loan Data — D & S MFG. Inc, Black River Falls, WI

ALERT: There are 2 PPP loans for a total of $4.2M in our database for businesses with the name "D & S MFG. Inc" in Black River Falls, WI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for D & S MFG. Inc
WI

D & S MFG. Inc

Entity: Employee Stock Ownership Plan(esop)

Industry: Plate Work Manufacturing

Location: Black River Falls, WI

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D & S MFG. Inc is an employee stock ownership plan(esop) located at 301 E Main St in Black River Falls, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #7429398301

Loan Size:

$2M

Jobs Retained:

137

Loan Approved:

2021-01-28

Loan Status:

Ongoing Loan

Lender:

Bremer Bank, National Association

D & S MFG. Inc in Black River Falls, WI received a Paycheck Protection Loan of $2M through Bremer Bank, National Association, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, D & S MFG. Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $70,073 per employee1

Reported PPP Proceed Usage:

On the PPP application, D & S MFG. Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by D & S MFG. 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 - D & S MFG. Inc in Black River Falls, WI

D & S MFG. Inc
301 E Main St
Black River Falls, WI 54615

Business Industry:
Plate Work Manufacturing
NAICS code 332313

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Jackson County, WI — SBA Office 0563 — Congressional District: WI-03

Industry PPP Comparison Statistics

Nationwide, 1,977 businesses in the "Plate Work Manufacturing" industry received a total of $448.9M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 20 employees, 85% lower than D & S MFG. Inc's reported 137 employees, and received an average PPP loan of $227,061, 89% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for D & S MFG., Inc
WI

D & S MFG., Inc

Entity: Employee Stock Ownership Plan(esop)

Industry: Machine Shops

Location: Black River Falls, WI

Search All PPP Data

D & S MFG., Inc is an employee stock ownership plan(esop) located at 301 E. Main Street in Black River Falls, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,197,100.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 133 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5478707005

Loan Size:

$2.2M

Jobs Retained:

133

Loan Approved:

2020-04-05

Loan Status:

Ongoing Loan

Lender:

Bremer Bank, National Association

D & S MFG., Inc in Black River Falls, WI received a Paycheck Protection Loan of $2.2M through Bremer Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, D & S MFG., Inc's 2019 payroll expenses are estimated to be at least $10.55M.

Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $79,294 per employee1

Reported PPP Proceed Usage:

On the PPP application, D & S MFG., Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,197,100
Because the loan received by D & S MFG., 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 - D & S MFG., Inc in Black River Falls, WI

D & S MFG., Inc
301 E. Main Street
Black River Falls, WI 54615

Business Industry:
Machine Shops
NAICS code 332710

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Jackson County, WI — SBA Office 0563 — Congressional District: WI-03

Similar Companies near Black River Falls

In the Black River Falls area, 2 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 133) and received an average PPP loan of $1,189,047 (compared to this company's $2.2M).

Similar Nearby Businesses Who Received PPP Funding:

Wehrs Machine And Racing Products
Bangor, WI

$180,993 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 16,572 businesses in the "Machine Shops" industry received a total of $2.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 15 employees, 89% lower than D & S MFG., Inc's reported 133 employees, and received an average PPP loan of $176,279, 92% lower than this company's loan of $2.2M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/d-s-mfg-inc-black-river-falls-wi