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PPP Loan Data — Foster Retreat Center, LLC, Osseo, WI

SBA PPP loan data, payroll data, and salaries for Foster Retreat Center, LLC
WI

Foster Retreat Center, LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Osseo, WI

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Foster Retreat Center, LLC is a limited liability company (LLC) located in Osseo, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,349.00 in April, 2020.

$ PPP Loan Information
Loan #4854017206

Loan Size:

$2,349

Jobs Retained:

1

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Citizens Community Federal National Association

Foster Retreat Center, LLC in Osseo, WI received a Paycheck Protection Loan of $2,349 through Citizens Community Federal National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Foster Retreat Center, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,880
  • Utilities: $469

Business Information - Foster Retreat Center, LLC in Osseo, WI

Foster Retreat Center, LLC
Osseo, WI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Trempealeau County, WI — SBA Office 0563 — Congressional District: WI-03

Similar Companies near Osseo

In the Osseo area, 8 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $18,977 (compared to this company's $2,349).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 23 employees, 2200% higher than Foster Retreat Center, LLC's reported 1 employees, and received an average PPP loan of $169,748, 7126% higher than this company's loan of $2,349.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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/foster-retreat-center-llc-osseo-wi