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PPP Loan Data — Plastics Engineering Company, Sheboygan, WI

SBA PPP loan data, payroll data, and salaries for Plastics Engineering Company

Plastics Engineering Company

Entity: Subchapter S Corporation

Industry: Plastics Material and Resin Manufacturing

Location: Sheboygan, WI

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Plastics Engineering Company is a subchapter s corporation located at 3518 Lakeshore Rd in Sheboygan, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $4,883,175.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Plastics Engineering Company received a Paycheck Protection Loan of $4.88M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Plastics Engineering Company's total 2019 payroll expenses were approximately $23.44M in order to qualify for the PPP loan amount received.

Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $86,812 per employee1.

Because the loan received by Plastics Engineering Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Plastics Engineering Company in Sheboygan, WI

Plastics Engineering Company
3518 Lakeshore Rd
Sheboygan, WI 53083

Business Industry

Plastics Material and Resin Manufacturing (NAICS code 325211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-06

Similar Companies near Sheboygan

In the Sheboygan area, 2 businesses in the "Plastics Material and Resin Manufacturing" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 270) and received an average PPP loan of $2,476,838 (compared to this company's $4.88M).

Similar Nearby Businesses Who Received PPP Funding:

Andara, LLC
Sheboygan, WI

$70,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 858 businesses in the "Plastics Material and Resin Manufacturing" industry received a total of $311,116,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 29 employees, 89% lower than Plastics Engineering Company's reported 270 employees, and received an average PPP loan of $362,607, 93% lower than this company's loan of $4.88M.

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.

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Footnotes & Information

1. 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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