PPP Loan Data — Krueger Wholesale Florist Inc, Rothschild, WI
Krueger Wholesale Florist Inc
Location: Rothschild, WITweet This • Search All PPP Data
Krueger Wholesale Florist Inc is a corporation located at 10706 Tesch Lane in Rothschild, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,924,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
Krueger Wholesale Florist Inc in Rothschild, WI received a Paycheck Protection Loan of $1.92M through BMO Harris Bank National Association, 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, Krueger Wholesale Florist Inc's 2019 payroll expenses are estimated to be at least $9.24M.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $49,670 per employee1
Reported PPP Proceed Usage:
On the PPP application, Krueger Wholesale Florist Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,924,700
Business Information - Krueger Wholesale Florist Inc in Rothschild, WI
10706 Tesch Lane
Rothschild, WI 54474
Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
NAICS code 423430
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,479 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $695.57M 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 Krueger Wholesale Florist Inc's reported 186 employees, and received an average PPP loan of $155,296, 92% lower than this company's loan of $1.92M.
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Footnotes & Information
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