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PPP Loan Data — Merrill Iron & Steel, Inc., Schofield, WI

SBA PPP loan data, payroll data, and salaries for Merrill Iron & Steel, Inc.

Merrill Iron & Steel, Inc.

Entity: Subchapter S Corporation

Industry: Fabricated Structural Metal Manufacturing

Location: Schofield, WI

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Merrill Iron & Steel, Inc. is a subchapter s corporation located at 900 Alderson Street in Schofield, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $5,037,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Merrill Iron & Steel, Inc. in Schofield, WI received a Paycheck Protection Loan of $5.04M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Merrill Iron & Steel, Inc.'s total 2019 payroll expenses were approximately $24.18M in order to qualify for the PPP loan amount received.

Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $55,581 per employee1.

Because the loan received by Merrill Iron & Steel, Inc. 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 - Merrill Iron & Steel, Inc. in Schofield, WI

Merrill Iron & Steel, Inc.
900 Alderson Street
Schofield, WI 54476

Business Industry

Fabricated Structural Metal Manufacturing (NAICS code 332312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-07

Similar Companies near Schofield

In the Schofield area, 2 businesses in the "Fabricated Structural Metal Manufacturing" industry received a PPP loan. These local businesses reported an average of 229 employees (compared to this company's 435) and received an average PPP loan of $2,668,435 (compared to this company's $5.04M).

Similar Nearby Businesses Who Received PPP Funding:

Custom Steel, Inc.
Schofield, WI

$299,870 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,076 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $957,416,230.00 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 23 employees, 95% lower than Merrill Iron & Steel, Inc.'s reported 435 employees, and received an average PPP loan of $311,254, 94% lower than this company's loan of $5.04M.

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.

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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 - The Civil Employee's Resource **