PPP Loan Data — Hentzen Coatings, Inc., Milwaukee, WI
Hentzen Coatings, Inc. is a subchapter s corporation located at 6937 W. Mill Road in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,800,000.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Hentzen Coatings, Inc. received a Paycheck Protection Loan of $3.8M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hentzen Coatings, Inc.'s total 2019 payroll expenses were approximately $18.24M in order to qualify for the PPP loan amount received.
Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $57,000 per employee1.
Business Information - Hentzen Coatings, Inc. in Milwaukee, WI
6937 W. Mill Road
Milwaukee, WI 53218
Paint and Coating Manufacturing (NAICS code 325510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-04
Industry PPP Comparison Statistics
Nationwide, 1,048 businesses in the "Paint and Coating Manufacturing" industry received a total of $271,012,887.00 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, 94% lower than Hentzen Coatings, Inc.'s reported 320 employees, and received an average PPP loan of $258,600, 93% lower than this company's loan of $3.8M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!