PPP Loan Data — Gehl Foods, LLC, Germantown, WI
Gehl Foods, LLC is a limited liability company (LLC) located at W185 N11300 Whitney Dr. Po Box 1004 in Germantown, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $7,341,200.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Gehl Foods, LLC in Germantown, WI received a Paycheck Protection Loan of $7.34M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gehl Foods, LLC's total 2019 payroll expenses were approximately $35.24M in order to qualify for the PPP loan amount received.
Based on their reported 422 jobs retained, this equals an estimated average yearly compensation of $83,502 per employee1.
Business Information - Gehl Foods, LLC in Germantown, WI
W185 N11300 Whitney Dr. Po Box 1004
Germantown, WI 53022
All Other Miscellaneous Food Manufacturing (NAICS code 311999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-05
Similar Companies near Germantown
In the Germantown area, 3 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 182 employees (compared to this company's 422) and received an average PPP loan of $3,122,985 (compared to this company's $7.34M).
Similar Nearby Businesses Who Received PPP Funding:
First Choice Ingredients, Inc
Northwestern Extract Co.
Industry PPP Comparison Statistics
Nationwide, 2,170 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $403,864,198.00 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, 96% lower than Gehl Foods, LLC's reported 422 employees, and received an average PPP loan of $186,113, 97% lower than this company's loan of $7.34M.
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, 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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