PPP Loan Data — Music Therapy Services Of Central Wiscon, Kronenwetter, WI
Music Therapy Services Of Central Wiscon
Entity: Limited Liability Company (LLC)
Location: Kronenwetter, WITweet This • Search All PPP Data
Music Therapy Services Of Central Wiscon is a limited liability company (LLC) located at 1835 Deerwood Trl in Kronenwetter, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Associated Bank, National Association
Music Therapy Services Of Central Wiscon in Kronenwetter, WI received a Paycheck Protection Loan of $25,000 through Associated Bank, National Association, which was approved in June, 2020.
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, Music Therapy Services Of Central Wiscon's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Music Therapy Services Of Central Wiscon reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Music Therapy Services Of Central Wiscon in Kronenwetter, WI
1835 Deerwood Trl
Kronenwetter, WI 54455
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kronenwetter
In the Kronenwetter area, 8 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $30,506 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Precision Equipment Repair & Consulting, LLC
Wisconsin Property Taxpayers Inc
Central Wi Building Inspections LLC
Music Therapy Services Of Central Wisconsin
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 67% higher than Music Therapy Services Of Central Wiscon's reported 3 employees, and received an average PPP loan of $57,091, 128% higher than this company's loan of $25,000.
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