PPP Loan Data — Renaissance Manufacturing Group, LLC, Menomonee Falls, WI
Renaissance Manufacturing Group, LLC is a limited liability company (LLC) located at W134n5272 Campbell Dr in Menomonee Falls, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,407,509.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 265 people during the applicable loan loan period.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Renaissance Manufacturing Group, LLC in Menomonee Falls, WI received a Paycheck Protection Loan of $3.41M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Renaissance Manufacturing Group, LLC's total 2019 payroll expenses were approximately $16.36M in order to qualify for the PPP loan amount received.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $61,721 per employee1.
Business Information - Renaissance Manufacturing Group, LLC in Menomonee Falls, WI
W134n5272 Campbell Dr
Menomonee Falls, WI 53051
Iron Foundries (NAICS code 331511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WI-05
Industry PPP Comparison Statistics
Nationwide, 188 businesses in the "Iron Foundries" industry received a total of $107,481,342.00 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 42 employees, 84% lower than Renaissance Manufacturing Group, LLC's reported 265 employees, and received an average PPP loan of $571,709, 83% lower than this company's loan of $3.41M.
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.
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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