PPP Loan Data — Pensec, Inc, Mequon, WI
Pensec, Inc is a corporation located at 1492 W Mequon Road in Mequon, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,522,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Pensec, Inc in Mequon, WI received a Paycheck Protection Loan of $1.52M through PNC Bank, National Association, which was approved in April, 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, Pensec, Inc's 2019 payroll expenses are estimated to be at least $7.31M.
Based on their reported 481 jobs retained, this equals an estimated average yearly compensation of $15,189 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pensec, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,522,100
Business Information - Pensec, Inc in Mequon, WI
1492 W Mequon Road
Mequon, WI 53092
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mequon
In the Mequon area, 9 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 481) and received an average PPP loan of $260,839 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Santorini Grill LLC
Kaleidoscope Hospitality LLC
RRK Enterprises, LLC
KB Joy, LLC
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 21 employees, 96% lower than Pensec, Inc's reported 481 employees, and received an average PPP loan of $100,980, 93% lower than this company's loan of $1.52M.
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Footnotes & Information
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