PPP Loan Data — Merrill Iron & Steel, Inc., Schofield, WI
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
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
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.
Business Information - Merrill Iron & Steel, Inc. in Schofield, WI
900 Alderson Street
Schofield, WI 54476
Fabricated Structural Metal Manufacturing (NAICS code 332312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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Footnotes & Information
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