PPP Loan Data — E.K. Machine Co., Inc., Fall River, WI
E.K. Machine Co., Inc. is a corporation located at 671 S. Main Street in Fall River, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,448,080.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 189 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST BUSINESS BANK
E.K. Machine Co., Inc. received a Paycheck Protection Loan of $2.45M through FIRST BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, E.K. Machine Co., Inc.'s total 2019 payroll expenses were approximately $11.75M in order to qualify for the PPP loan amount received.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $62,173 per employee1.
Business Information - E.K. Machine Co., Inc. in Fall River, WI
671 S. Main Street
Fall River, WI 53932
Machine Shops (NAICS code 332710)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WI-06
Similar Companies near Fall River
In the Fall River area, 3 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 189) and received an average PPP loan of $999,660 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Riverstone MS, LLC
Fall River, WI
Riverstone Machining LLC
Fall River, WI
Industry PPP Comparison Statistics
Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 93% lower than E.K. Machine Co., Inc.'s reported 189 employees, and received an average PPP loan of $190,904, 92% lower than this company's loan of $2.45M.
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.
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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