PPP Loan Data — M & N Shooting Enterprize LLC, Wauwatosa, WI
M & N Shooting Enterprize LLC is a limited liability company (LLC) located at 2321 Lefeber Ave in Wauwatosa, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
M & N Shooting Enterprize LLC in Wauwatosa, WI received a Paycheck Protection Loan of $24,900 through PNC Bank, National Association, which was approved in May, 2020.
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, M & N Shooting Enterprize LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,865 per employee1
Reported PPP Proceed Usage:
On the PPP application, M & N Shooting Enterprize LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - M & N Shooting Enterprize LLC in Wauwatosa, WI
2321 Lefeber Ave
Wauwatosa, WI 53213
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wauwatosa
In the Wauwatosa area, 26 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 11) and received an average PPP loan of $57,027 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Summit Sales, Inc
Wisconsin State Fair Park Foundation Inc
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 45% lower than M & N Shooting Enterprize LLC's reported 11 employees, and received an average PPP loan of $49,465, 99% higher than this company's loan of $24,900.
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Footnotes & Information
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