PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Midwest Wheel Companies, Inc, Des Moines, IA

SBA PPP loan data, payroll data, and salaries for Midwest Wheel Companies, Inc

Midwest Wheel Companies, Inc

Entity: Corporation

Industry: Recreational Vehicle Dealers

Location: Des Moines, IA

Search All PPP Data

Midwest Wheel Companies, Inc is a corporation located at 1436 E Ovid Ave in Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,472,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:

0 Unreported

Loan Approved:




Midwest Wheel Companies, Inc in Des Moines, IA received a Paycheck Protection Loan of $2.47M through BANKERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Midwest Wheel Companies, Inc's total 2019 payroll expenses were approximately $11.87M in order to qualify for the PPP loan amount received.

Unlike most businesses, Midwest Wheel Companies, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Midwest Wheel Companies, 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 - Midwest Wheel Companies, Inc in Des Moines, IA

Midwest Wheel Companies, Inc
1436 E Ovid Ave
Des Moines, IA 50316

Business Industry

Recreational Vehicle Dealers (NAICS code 441210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-03

Similar Companies near Des Moines

In the Des Moines area, 2 businesses in the "Recreational Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 0) and received an average PPP loan of $1,331,650 (compared to this company's $2.47M).

Similar Nearby Businesses Who Received PPP Funding:

Thomas Bus Sales Inc
Des Moines, IA

$190,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,269 businesses in the "Recreational Vehicle Dealers" industry received a total of $427,538,087.00 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 16 employees, and received an average PPP loan of $188,426, 92% lower than this company's loan of $2.47M.

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.

Search FederalPay's Full PPP Loan Database

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.

Have's open data tools been valuable? Consider donating!

** This Document Provided By - The Civil Employee's Resource **