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PPP Loan Data — Nasonville Dairy, Inc, Marshfield, WI

SBA PPP loan data, payroll data, and salaries for Nasonville Dairy, Inc
WI

Nasonville Dairy, Inc

Entity: Subchapter S Corporation

Industry: Cheese Manufacturing

Location: Marshfield, WI

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Nasonville Dairy, Inc is a subchapter s corporation located at 10898 Us Hwy 10 W in Marshfield, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,101,500.00 in April, 2020.

$ PPP Loan Information
Loan #6374727000

Loan Size:

$1.1M

Jobs Retained:

100

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

BMO Harris Bank National Association

Nasonville Dairy, Inc in Marshfield, WI received a Paycheck Protection Loan of $1.1M through BMO Harris Bank National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

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Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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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, Nasonville Dairy, Inc's 2019 payroll expenses are estimated to be at least $5.29M.

Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $52,872 per employee1

Reported PPP Proceed Usage:

On the PPP application, Nasonville Dairy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,101,500

Business Information - Nasonville Dairy, Inc in Marshfield, WI

Nasonville Dairy, Inc
10898 Us Hwy 10 W
Marshfield, WI 54449

Business Industry:
Cheese Manufacturing
NAICS code 311513

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Wood County, WI — SBA Office 0563 — Congressional District: WI-07

Industry PPP Comparison Statistics

Nationwide, 439 businesses in the "Cheese Manufacturing" industry received a total of $166.97M 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 35 employees, 65% lower than Nasonville Dairy, Inc's reported 100 employees, and received an average PPP loan of $380,339, 65% lower than this company's loan of $1.1M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/nasonville-dairy-inc-marshfield-wi