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PPP Loan Data — Derse Inc., Milwaukee, WI

SBA PPP loan data, payroll data, and salaries for Derse Inc.
WI

Derse Inc.

Entity: Subchapter S Corporation

Industry: Sign Manufacturing

Location: Milwaukee, WI

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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

Loan Size:

$7.81M

Jobs Retained:

488

Loan Approved:

2020-04-07

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.

Because the loan received by Derse 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 - Derse Inc. in Milwaukee, WI

Derse Inc.
3800 W. Canal St.
Milwaukee, WI 53208

Business Industry

Sign Manufacturing (NAICS code 339950)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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.

Search FederalPay's Full PPP Loan Database

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/derse-inc-milwaukee-wi