PPP Loan Data — Koetter Woodworking, Inc., Borden, IN
Koetter Woodworking, Inc.
Entity: Subchapter S Corporation
Location: Borden, INTweet This • Search All PPP Data
Koetter Woodworking, Inc. is a subchapter s corporation located at 533 Louis Smith Rd in Borden, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,438,234.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 310 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WESBANCO BANK, INC.
Koetter Woodworking, Inc. in Borden, IN received a Paycheck Protection Loan of $3.44M through WESBANCO BANK, INC., which was approved in April, 2020.
Based on standard PPP eligibility rules, Koetter Woodworking, Inc.'s total 2019 payroll expenses were approximately $16.5M in order to qualify for the PPP loan amount received.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $53,237 per employee1.
Business Information - Koetter Woodworking, Inc. in Borden, IN
533 Louis Smith Rd
Borden, IN 47106
Sawmill, Woodworking, and Paper Machinery Manufacturing (NAICS code 333243)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IN-09
Similar Companies near Borden
In the Borden area, 2 businesses in the "Sawmill, Woodworking, and Paper Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 310) and received an average PPP loan of $1,767,073 (compared to this company's $3.44M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 540 businesses in the "Sawmill, Woodworking, and Paper Machinery Manufacturing" industry received a total of $71,974,109.00 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 11 employees, 96% lower than Koetter Woodworking, Inc.'s reported 310 employees, and received an average PPP loan of $133,285, 96% lower than this company's loan of $3.44M.
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