PPP Loan Data — Romanowski Harvesting LLC, Stanley, WI
Romanowski Harvesting LLC is a limited liability company (LLC) located at 813 Carter Rd. in Stanley, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,188.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:AgCountry Farm Credit Service, PCA
Romanowski Harvesting LLC in Stanley, WI received a Paycheck Protection Loan of $46,188 through AgCountry Farm Credit Service, PCA, which was approved in April, 2020.
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, Romanowski Harvesting LLC's 2019 payroll expenses are estimated to be at least $221,702.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,950 per employee1
Reported PPP Proceed Usage:
On the PPP application, Romanowski Harvesting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,188
Business Information - Romanowski Harvesting LLC in Stanley, WI
813 Carter Rd.
Stanley, WI 54768
Crop Harvesting, Primarily by Machine
NAICS code 115113
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Stanley
In the Stanley area, 2 businesses in the "Crop Harvesting, Primarily by Machine" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $33,511 (compared to this company's $46,188).
Similar Nearby Businesses Who Received PPP Funding:
Randall S Erickson
Industry PPP Comparison Statistics
Nationwide, 2,383 businesses in the "Crop Harvesting, Primarily by Machine" industry received a total of $129.1M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 50% higher than Romanowski Harvesting LLC's reported 6 employees, and received an average PPP loan of $54,177, 17% higher than this company's loan of $46,188.
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Footnotes & Information
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