PPP Loan Data — Derse Inc., Milwaukee, WI
Derse Inc. is a subchapter s corporation located at 3800 W. Canal St. in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $7,812,500.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Derse Inc. received a Paycheck Protection Loan of $7.81M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Derse Inc.'s total 2019 payroll expenses were approximately $37.5M in order to qualify for the PPP loan amount received.
Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $76,844 per employee1.
Business Information - Derse Inc. in Milwaukee, WI
3800 W. Canal St.
Milwaukee, WI 53208
Sign Manufacturing (NAICS code 339950)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-04
Similar Companies near Milwaukee
In the Milwaukee area, 5 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 488) and received an average PPP loan of $1,661,368 (compared to this company's $7.81M).
Similar Nearby Businesses Who Received PPP Funding:
Visionary Products, Inc.
Gietl Sign Company, Inc.
SAR Of Milwaukee, LLC
Sign Effectz Inc
Industry PPP Comparison Statistics
Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 98% lower than Derse Inc.'s reported 488 employees, and received an average PPP loan of $118,017, 98% lower than this company's loan of $7.81M.
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Footnotes & Information
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