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PPP Loan Data — Malteurop Group North America, Milwaukee, WI

SBA PPP loan data, payroll data, and salaries for Malteurop Group North America
WI

Malteurop Group North America

Entity: Corporation

Industry: Malt Manufacturing

Location: Milwaukee, WI

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Malteurop Group North America is a corporation located at 3830 W. Grant St in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,281,688.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 175 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

175

Loan Approved:

2020-04-15

Lender:

CITY NATIONAL BANK

Malteurop Group North America received a Paycheck Protection Loan of $3.28M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Malteurop Group North America's total 2019 payroll expenses were approximately $15.75M in order to qualify for the PPP loan amount received.

Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $90,012 per employee1.

Because the loan received by Malteurop Group North America is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Malteurop Group North America in Milwaukee, WI

Malteurop Group North America
3830 W. Grant St
Milwaukee, WI 53215

Business Industry

Malt Manufacturing (NAICS code 311213)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WI-04

Industry PPP Comparison Statistics

Nationwide, 45 businesses in the "Malt Manufacturing" industry received a total of $7,445,316.00 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, 94% lower than Malteurop Group North America's reported 175 employees, and received an average PPP loan of $165,451, 95% lower than this company's loan of $3.28M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/malteurop-group-north-america-milwaukee-wi