PPP Loan Data — IKI Manufacturing, Inc, Edgerton, WI
IKI Manufacturing, Inc is a corporation located at 116 N Swift St in Edgerton, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,800,500.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 191 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
IKI Manufacturing, Inc in Edgerton, WI received a Paycheck Protection Loan of $1.8M through Monona Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, IKI Manufacturing, Inc's 2019 payroll expenses are estimated to be at least $8.64M.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $45,248 per employee1
Reported PPP Proceed Usage:
On the PPP application, IKI Manufacturing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,800,500
Business Information - IKI Manufacturing, Inc in Edgerton, WI
116 N Swift St
Edgerton, WI 53534
All Other Miscellaneous Manufacturing
NAICS code 339999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 17,359 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.06B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 94% lower than IKI Manufacturing, Inc's reported 191 employees, and received an average PPP loan of $118,586, 93% lower than this company's loan of $1.8M.
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Footnotes & Information
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