PPP Loan Data — Schuette, Inc, Rothschild, WI
Entity: Subchapter S Corporation
Location: Rothschild, WITweet This • Search All PPP Data
Schuette, Inc is a subchapter s corporation located at 1604 Morrison Ave in Rothschild, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,875,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 136 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Peoples State Bank
Schuette, Inc in Rothschild, WI received a Paycheck Protection Loan of $1.88M through Peoples State 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 February, 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, Schuette, Inc's 2019 payroll expenses are estimated to be at least $9M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $66,198 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schuette, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,420,300
- Utilities: $101,500
- Rent: $38,300
- Health Care: $211,300
- Debt Interest: $104,200
Business Information - Schuette, Inc in Rothschild, WI
1604 Morrison Ave
Rothschild, WI 54474
All Other Miscellaneous Fabricated Metal Product Manufacturing
NAICS code 332999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 8,434 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.95B 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 20 employees, 85% lower than Schuette, Inc's reported 136 employees, and received an average PPP loan of $231,549, 88% lower than this company's loan of $1.88M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!