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PPP Loan Data — J.W. Speaker Corporation, Germantown, WI

SBA PPP loan data, payroll data, and salaries for J.W. Speaker Corporation
WI

J.W. Speaker Corporation

Entity: Subchapter S Corporation

Industry: Motor Vehicle Electrical and Electronic Equipment Manufacturing

Location: Germantown, WI

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J.W. Speaker Corporation is a subchapter s corporation located at N120w19434 Freistadt Rd. in Germantown, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $7,302,840.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.3M

Jobs Retained:

453

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

J.W. Speaker Corporation in Germantown, WI received a Paycheck Protection Loan of $7.3M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, J.W. Speaker Corporation's total 2019 payroll expenses were approximately $35.05M in order to qualify for the PPP loan amount received.

Based on their reported 453 jobs retained, this equals an estimated average yearly compensation of $77,381 per employee1.

Because the loan received by J.W. Speaker Corporation 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 - J.W. Speaker Corporation in Germantown, WI

J.W. Speaker Corporation
N120w19434 Freistadt Rd.
Germantown, WI 53022

Business Industry

Motor Vehicle Electrical and Electronic Equipment Manufacturing (NAICS code 336320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-05

Industry PPP Comparison Statistics

Nationwide, 276 businesses in the "Motor Vehicle Electrical and Electronic Equipment Manufacturing" industry received a total of $96,271,285.00 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 27 employees, 94% lower than J.W. Speaker Corporation's reported 453 employees, and received an average PPP loan of $348,809, 95% lower than this company's loan of $7.3M.

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.

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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/jw-speaker-corporation-germantown-wi