PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Lenhart Mckeon Of Wisconsin Inc, Manitowish Waters, WI

ALERT: There are 2 PPP loans for a total of $51,030 in our database for businesses with the name "Lenhart Mckeon Of Wisconsin Inc" in Manitowish Waters, WI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Lenhart Mckeon Of Wisconsin Inc
WI

Lenhart Mckeon Of Wisconsin Inc

Entity: Subchapter S Corporation

Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers

Location: Manitowish Waters, WI

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Lenhart Mckeon Of Wisconsin Inc is a subchapter s corporation located at 12801 Maple Ln in Manitowish Waters, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,630.00 in January, 2021.

$ PPP Loan Information
Loan #9465228303

Loan Size:

$25,630

Jobs Retained:

2

Loan Approved:

2021-01-30

Loan Status:

Ongoing Loan

Lender:

IncredibleBank

Lenhart Mckeon Of Wisconsin Inc in Manitowish Waters, WI received a Paycheck Protection Loan of $25,630 through IncredibleBank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Lenhart Mckeon Of Wisconsin Inc's 2019 payroll expenses are estimated to be at least $123,024.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,512 per employee1

Reported PPP Proceed Usage:

On the PPP application, Lenhart Mckeon Of Wisconsin Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,627
  • Utilities: $1

Business Information - Lenhart Mckeon Of Wisconsin Inc in Manitowish Waters, WI

Lenhart Mckeon Of Wisconsin Inc
12801 Maple Ln
Manitowish Waters, WI 54545

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Vilas County, WI — SBA Office 0563 — Congressional District: WI-07

Industry PPP Comparison Statistics

Nationwide, 7,686 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $1.31B 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 14 employees, 600% higher than Lenhart Mckeon Of Wisconsin Inc's reported 2 employees, and received an average PPP loan of $170,366, 565% higher than this company's loan of $25,630.

SBA PPP loan data, payroll data, and salaries for Lenhart Mckeon Of Wisconsin, Inc
WI

Lenhart Mckeon Of Wisconsin, Inc

Entity: Subchapter S Corporation

Industry: Blank Magnetic and Optical Recording Media Manufacturing

Location: Manitowish Waters, WI

Search All PPP Data

Lenhart Mckeon Of Wisconsin, Inc is a subchapter s corporation located at 12801 Maple Lane in Manitowish Waters, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.

$ PPP Loan Information
Loan #7135557103

Loan Size:

$25,400

Jobs Retained:

2

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

IncredibleBank

Lenhart Mckeon Of Wisconsin, Inc in Manitowish Waters, WI received a Paycheck Protection Loan of $25,400 through IncredibleBank, 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 February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Lenhart Mckeon Of Wisconsin, Inc's 2019 payroll expenses are estimated to be at least $121,920.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1

Reported PPP Proceed Usage:

On the PPP application, Lenhart Mckeon Of Wisconsin, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,400

Business Information - Lenhart Mckeon Of Wisconsin, Inc in Manitowish Waters, WI

Lenhart Mckeon Of Wisconsin, Inc
12801 Maple Lane
Manitowish Waters, WI 54545

Business Industry:
Blank Magnetic and Optical Recording Media Manufacturing
NAICS code 334613

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Vilas County, WI — SBA Office 0563 — Congressional District: WI-07

Industry PPP Comparison Statistics

Nationwide, 146 businesses in the "Blank Magnetic and Optical Recording Media Manufacturing" industry received a total of $18.44M 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 13 employees, 550% higher than Lenhart Mckeon Of Wisconsin, Inc's reported 2 employees, and received an average PPP loan of $126,335, 397% higher than this company's loan of $25,400.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/lenhart-mckeon-of-wisconsin-inc-manitowish-waters-wi