PPP Loan Data — Demmer Investments III, Inc, Chaska, MN
Demmer Investments III, Inc
Entity: Subchapter S Corporation
Location: Chaska, MNTweet This • Search All PPP Data
Demmer Investments III, Inc is a subchapter s corporation located at 3990 Peavey Rd. 0.0 in Chaska, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,355,152.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Demmer Investments III, Inc in Chaska, MN received a Paycheck Protection Loan of $2.36M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Demmer Investments III, Inc's 2019 payroll expenses are estimated to be at least $11.3M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $22,609 per employee1
Reported PPP Proceed Usage:
On the PPP application, Demmer Investments III, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,911,200
- Utilities: $69,093
- Rent: $140,006
- Health Care: $234,853
Business Information - Demmer Investments III, Inc in Chaska, MN
3990 Peavey Rd. 0.0
Chaska, MN 55318
Other Aircraft Parts and Auxiliary Equipment Manufacturing
NAICS code 336413
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,490 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $647.29M 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 34 employees, 93% lower than Demmer Investments III, Inc's reported 500 employees, and received an average PPP loan of $434,424, 82% lower than this company's loan of $2.36M.
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