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PPP Loan Data — Henry Rac Holding Corp, Rice Lake, WI

SBA PPP loan data, payroll data, and salaries for Henry Rac Holding Corp
WI

Henry Rac Holding Corp

Entity: Subchapter S Corporation

Industry: Small Arms, Ordnance, and Ordnance Accessories Manufacturing

Location: Rice Lake, WI

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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

Loan Size:

$3.77M

Jobs Retained:

384

Loan Approved:

2020-04-11

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.

Because the loan received by Henry Rac Holding Corp 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 - Henry Rac Holding Corp in Rice Lake, WI

Henry Rac Holding Corp
107 West Coleman Street
Rice Lake, WI 54868

Business Industry

Small Arms, Ordnance, and Ordnance Accessories Manufacturing (NAICS code 332994)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$29,600 PPP Loan

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.

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/henry-rac-holding-corp-rice-lake-wi