PPP Loan Data — Robley Tech Inc, Franklin, WI
Robley Tech Inc is a corporation located at 8330 W Puetz Rd in Franklin, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,380.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Tri City National Bank
Robley Tech Inc in Franklin, WI received a Paycheck Protection Loan of $25,380 through Tri City National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Robley Tech Inc's 2019 payroll expenses are estimated to be at least $121,824.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,182 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robley Tech Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,980
- Utilities: $3,400
Business Information - Robley Tech Inc in Franklin, WI
8330 W Puetz Rd
Franklin, WI 53132
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Franklin
In the Franklin area, 20 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 10) and received an average PPP loan of $80,293 (compared to this company's $25,380).
Similar Nearby Businesses Who Received PPP Funding:
Point After LLC
B. S. T. LLC
Asian Bistro LLC
ST. Martins Inn, LLC
M Squared, Inc
Rawson Pub, Inc
M & W Leung, LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 120% higher than Robley Tech Inc's reported 10 employees, and received an average PPP loan of $129,504, 410% higher than this company's loan of $25,380.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!