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PPP Loan Data — Push Inc, Rice Lake, WI

SBA PPP loan data, payroll data, and salaries for Push Inc
WI

Push Inc

Entity: Corporation

Industry: Power and Communication Line and Related Structures Construction

Location: Rice Lake, WI

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Push Inc is a corporation located at 1100 Lindy St in Rice Lake, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,946,400.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 478 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.95M

Jobs Retained:

478

Loan Approved:

2020-04-05

Lender:

JOHNSON BANK

Push Inc in Rice Lake, WI received a Paycheck Protection Loan of $2.95M through JOHNSON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Push Inc's total 2019 payroll expenses were approximately $14.14M in order to qualify for the PPP loan amount received.

Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $29,587 per employee1.

Because the loan received by Push Inc 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 - Push Inc in Rice Lake, WI

Push Inc
1100 Lindy St
Rice Lake, WI 54868

Business Industry

Power and Communication Line and Related Structures Construction (NAICS code 237130)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: WI-07

Similar Companies near Rice Lake

In the Rice Lake area, 2 businesses in the "Power and Communication Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 242 employees (compared to this company's 478) and received an average PPP loan of $1,495,750 (compared to this company's $2.95M).

Similar Nearby Businesses Who Received PPP Funding:

Shovelhead LLC
Rice Lake, WI

$45,100 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,531 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $727,350,112.00 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 20 employees, 96% lower than Push Inc's reported 478 employees, and received an average PPP loan of $287,377, 90% lower than this company's loan of $2.95M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/push-inc-rice-lake-wi