PPP Loan Data — Plastics Engineering Company, Sheboygan, WI
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
Lender:CIBC BANK USA
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.
Business Information - Plastics Engineering Company in Sheboygan, WI
3518 Lakeshore Rd
Sheboygan, WI 53083
Plastics Material and Resin Manufacturing (NAICS code 325211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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:
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.
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Footnotes & Information
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