PPP Loan Data — Lemberg Electric Co Employee Stock Op, Brookfield, WI
Lemberg Electric Co Employee Stock Op
Entity: Employee Stock Ownership Plan (esop)
Location: Brookfield, WITweet This • Search All PPP Data
Lemberg Electric Co Employee Stock Op is an employee stock ownership plan (esop) located at 4085 N. 128th Street in Brookfield, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,500,000.00 in April, 2020.
$ PPP Loan Information
Lemberg Electric Co Employee Stock Op received a Paycheck Protection Loan of $3.5M through WESTBURY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lemberg Electric Co Employee Stock Op's total 2019 payroll expenses were approximately $16.8M in order to qualify for the PPP loan amount received.
Based on their reported 199 jobs retained, this equals an estimated average yearly compensation of $84,422 per employee1.
Business Information - Lemberg Electric Co Employee Stock Op in Brookfield, WI
4085 N. 128th Street
Brookfield, WI 53005
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-05
Similar Companies near Brookfield
In the Brookfield area, 2 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 199) and received an average PPP loan of $1,757,150 (compared to this company's $3.5M).
Similar Nearby Businesses Who Received PPP Funding:
Home Team Energy, Inc
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 94% lower than Lemberg Electric Co Employee Stock Op's reported 199 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.5M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!