PPP Loan Data — New Image Marketing, LLC, Greenfield, WI
New Image Marketing, LLC
Location: Greenfield, WITweet This • Search All PPP Data
New Image Marketing, LLC is a partnership located at 4101 W. Squire Ave. in Greenfield, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Durand State Bank
New Image Marketing, LLC in Greenfield, WI received a Paycheck Protection Loan of $25,000 through Durand State Bank, 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
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, New Image Marketing, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Image Marketing, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - New Image Marketing, LLC in Greenfield, WI
4101 W. Squire Ave.
Greenfield, WI 53221
Other Miscellaneous Nondurable Goods Merchant Wholesalers
NAICS code 424990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greenfield
In the Greenfield area, 3 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $18,577 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Elijah Flenorl Micklevitz
RHA Brothers LLC
Industry PPP Comparison Statistics
Nationwide, 15,243 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $1.34B 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 9 employees, 350% higher than New Image Marketing, LLC's reported 2 employees, and received an average PPP loan of $88,038, 252% higher than this company's loan of $25,000.
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