PPP Loan Data — Doerfer Corporation, Waverly, IA
Entity: Subchapter S Corporation
Location: Waverly, IATweet This • Search All PPP Data
Doerfer Corporation is a subchapter s corporation located at 1801 E Bremer Ave in Waverly, Iowa that received a Coronavirus-related PPP loan from the SBA of $6,186,761.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:TBK BANK, SSB
Doerfer Corporation received a Paycheck Protection Loan of $6.19M through TBK BANK, SSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Doerfer Corporation's total 2019 payroll expenses were approximately $29.7M in order to qualify for the PPP loan amount received.
Unlike most businesses, Doerfer Corporation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Doerfer Corporation in Waverly, IA
1801 E Bremer Ave
Waverly, IA 50677
All Other Miscellaneous General Purpose Machinery Manufacturing (NAICS code 333999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-01
Industry PPP Comparison Statistics
Nationwide, 1,828 businesses in the "All Other Miscellaneous General Purpose Machinery Manufacturing" industry received a total of $441,733,775.00 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 18 employees, and received an average PPP loan of $241,649, 96% lower than this company's loan of $6.19M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!