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PPP Loan Data — EO Johnson Co., Inc., Wausau, WI

SBA PPP loan data, payroll data, and salaries for EO Johnson Co., Inc.
WI

EO Johnson Co., Inc.

Entity: Corporation

Industry: Office Equipment Merchant Wholesalers

Location: Wausau, WI

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EO Johnson Co., Inc. is a corporation located at 8400 W Stewart Ave in Wausau, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $4,437,000.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.44M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

PEOPLES STATE BANK

EO Johnson Co., Inc. received a Paycheck Protection Loan of $4.44M through PEOPLES STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, EO Johnson Co., Inc.'s total 2019 payroll expenses were approximately $21.3M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $85,190 per employee1.

Because the loan received by EO Johnson Co., 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 - EO Johnson Co., Inc. in Wausau, WI

EO Johnson Co., Inc.
8400 W Stewart Ave
Wausau, WI 54401

Business Industry

Office Equipment Merchant Wholesalers (NAICS code 423420)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: WI-07

Similar Companies near Wausau

In the Wausau area, 2 businesses in the "Office Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 250) and received an average PPP loan of $2,227,650 (compared to this company's $4.44M).

Similar Nearby Businesses Who Received PPP Funding:

Machine Tool & Equipment, Inc.
Wausau, WI

$18,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,297 businesses in the "Office Equipment Merchant Wholesalers" industry received a total of $267,348,840.00 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 15 employees, 94% lower than EO Johnson Co., Inc.'s reported 250 employees, and received an average PPP loan of $206,129, 95% lower than this company's loan of $4.44M.

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/eo-johnson-co-inc-wausau-wi