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PPP Loan Data — Gehl Foods, LLC, Germantown, WI

SBA PPP loan data, payroll data, and salaries for Gehl Foods, LLC
WI

Gehl Foods, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Food Manufacturing

Location: Germantown, WI

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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

Loan Size:

$7.34M

Jobs Retained:

422

Loan Approved:

2020-04-27

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.

Because the loan received by Gehl Foods, LLC 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 - Gehl Foods, LLC in Germantown, WI

Gehl Foods, LLC
W185 N11300 Whitney Dr. Po Box 1004
Germantown, WI 53022

Business Industry

All Other Miscellaneous Food Manufacturing (NAICS code 311999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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Source: www.federalpay.org/paycheck-protection-program/gehl-foods-llc-germantown-wi