PPP Loan Data — Sandstone Group, Inc., Milwaukee, WI
Sandstone Group, Inc. is a corporation located at 4900 West Electric Ave in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,502,500.00 in April, 2020.
$ PPP Loan Information
Lender:TOWN BANK, NATIONAL ASSOCIATION
Sandstone Group, Inc. in Milwaukee, WI received a Paycheck Protection Loan of $2.5M through TOWN BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sandstone Group, Inc.'s total 2019 payroll expenses were approximately $12.01M in order to qualify for the PPP loan amount received.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $82,841 per employee1.
Business Information - Sandstone Group, Inc. in Milwaukee, WI
4900 West Electric Ave
Milwaukee, WI 53219
Institutional Furniture Manufacturing (NAICS code 337127)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-04
Industry PPP Comparison Statistics
Nationwide, 644 businesses in the "Institutional Furniture Manufacturing" industry received a total of $209,697,149.00 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 26 employees, 82% lower than Sandstone Group, Inc.'s reported 145 employees, and received an average PPP loan of $325,617, 87% lower than this company's loan of $2.5M.
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Footnotes & Information
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