PPP Loan Data — Mathews Archery, Inc., Sparta, WI
Mathews Archery, Inc. is a subchapter s corporation located at 919 River Road in Sparta, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,189,800.00 in April, 2020.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
Mathews Archery, Inc. in Sparta, WI received a Paycheck Protection Loan of $3.19M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mathews Archery, Inc.'s total 2019 payroll expenses were approximately $15.31M in order to qualify for the PPP loan amount received.
Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $55,076 per employee1.
Business Information - Mathews Archery, Inc. in Sparta, WI
919 River Road
Sparta, WI 54656
Sporting and Athletic Goods Manufacturing (NAICS code 339920)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-03
Similar Companies near Sparta
In the Sparta area, 2 businesses in the "Sporting and Athletic Goods Manufacturing" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 278) and received an average PPP loan of $1,680,700 (compared to this company's $3.19M).
Similar Nearby Businesses Who Received PPP Funding:
Brennan Industries, Inc.
Industry PPP Comparison Statistics
Nationwide, 1,674 businesses in the "Sporting and Athletic Goods Manufacturing" industry received a total of $240,620,308.00 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 13 employees, 95% lower than Mathews Archery, Inc.'s reported 278 employees, and received an average PPP loan of $143,740, 95% lower than this company's loan of $3.19M.
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, and is published unmodified, as provided by the SBA.
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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