PPP Loan Data — Jagemann Stamping Company, Manitowoc, WI
Jagemann Stamping Company
Entity: Subchapter S Corporation
Location: Manitowoc, WITweet This • Search All PPP Data
Jagemann Stamping Company is a subchapter s corporation located at 5757 West Custer Street in Manitowoc, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,356,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 317 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Jagemann Stamping Company received a Paycheck Protection Loan of $3.36M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jagemann Stamping Company's total 2019 payroll expenses were approximately $16.11M in order to qualify for the PPP loan amount received.
Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $50,824 per employee1.
Business Information - Jagemann Stamping Company in Manitowoc, WI
5757 West Custer Street
Manitowoc, WI 54220
Metal Crown, Closure, and Other Metal Stamping (except Automotive) (NAICS code 332119)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WI-06
Similar Companies near Manitowoc
In the Manitowoc area, 3 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 317) and received an average PPP loan of $1,277,300 (compared to this company's $3.36M).
Similar Nearby Businesses Who Received PPP Funding:
Spring Valley Iron Works
Jagemann Precision Tooling, LLC
Industry PPP Comparison Statistics
Nationwide, 688 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a total of $316,503,616.00 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 35 employees, 89% lower than Jagemann Stamping Company's reported 317 employees, and received an average PPP loan of $460,034, 86% lower than this company's loan of $3.36M.
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.
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