PPP Loan Data — Multistack Bac, LLC, Sparta, WI
Multistack Bac, LLC
Entity: Limited Liability Company (LLC)
Industry: Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Location: Sparta, WITweet This • Search All PPP Data
Multistack Bac, LLC is a limited liability company (LLC) located at 1065 Maple Ave 0.0 in Sparta, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,721,675.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Multistack Bac, LLC in Sparta, WI received a Paycheck Protection Loan of $1.72M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Multistack Bac, LLC's 2019 payroll expenses are estimated to be at least $8.26M.
Based on their reported 121 jobs retained, this equals an estimated average yearly compensation of $68,298 per employee1
Reported PPP Proceed Usage:
On the PPP application, Multistack Bac, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,542,760
- Health Care: $178,915
Business Information - Multistack Bac, LLC in Sparta, WI
1065 Maple Ave 0.0
Sparta, WI 54656
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
NAICS code 333415
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Sparta
In the Sparta area, 3 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 121) and received an average PPP loan of $1,585,267 (compared to this company's $1.72M).
Similar Nearby Businesses Who Received PPP Funding:
Standard Refrigeration LLC
Industry PPP Comparison Statistics
Nationwide, 2,606 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a total of $490.48M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 16 employees, 87% lower than Multistack Bac, LLC's reported 121 employees, and received an average PPP loan of $188,212, 89% lower than this company's loan of $1.72M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!