PPP Loan Data — Henry Rac Holding Corp, Rice Lake, WI
Henry Rac Holding Corp
Entity: Subchapter S Corporation
Location: Rice Lake, WITweet This • Search All PPP Data
Henry Rac Holding Corp is a subchapter s corporation located at 107 West Coleman Street in Rice Lake, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,773,360.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Henry Rac Holding Corp in Rice Lake, WI received a Paycheck Protection Loan of $3.77M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Henry Rac Holding Corp's total 2019 payroll expenses were approximately $18.11M in order to qualify for the PPP loan amount received.
Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $47,167 per employee1.
Business Information - Henry Rac Holding Corp in Rice Lake, WI
107 West Coleman Street
Rice Lake, WI 54868
Small Arms, Ordnance, and Ordnance Accessories Manufacturing (NAICS code 332994)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-07
Similar Companies near Rice Lake
In the Rice Lake area, 2 businesses in the "Small Arms, Ordnance, and Ordnance Accessories Manufacturing" industry received a PPP loan. These local businesses reported an average of 195 employees (compared to this company's 384) and received an average PPP loan of $1,901,480 (compared to this company's $3.77M).
Similar Nearby Businesses Who Received PPP Funding:
Ar500 Target Solutions LLC
Rice Lake, WI
Industry PPP Comparison Statistics
Nationwide, 392 businesses in the "Small Arms, Ordnance, and Ordnance Accessories Manufacturing" industry received a total of $102,366,607.00 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 21 employees, 95% lower than Henry Rac Holding Corp's reported 384 employees, and received an average PPP loan of $261,139, 93% lower than this company's loan of $3.77M.
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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