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PPP Loan Data — Silver Star Brands Inc, Oshkosh, WI

SBA PPP loan data, payroll data, and salaries for Silver Star Brands Inc
WI

Silver Star Brands Inc

Entity: Corporation

Industry: Other Direct Selling Establishments

Location: Oshkosh, WI

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Silver Star Brands Inc is a corporation located at 250 City Center in Oshkosh, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,612,868.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.61M

Jobs Retained:

305

Loan Approved:

2020-04-13

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Silver Star Brands Inc in Oshkosh, WI received a Paycheck Protection Loan of $3.61M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Silver Star Brands Inc's total 2019 payroll expenses were approximately $17.34M in order to qualify for the PPP loan amount received.

Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $56,858 per employee1.

Because the loan received by Silver Star Brands Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Silver Star Brands Inc in Oshkosh, WI

Silver Star Brands Inc
250 City Center
Oshkosh, WI 54906

Business Industry

Other Direct Selling Establishments (NAICS code 454390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-06

Industry PPP Comparison Statistics

Nationwide, 11,977 businesses in the "Other Direct Selling Establishments" industry received a total of $632,841,121.00 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 5 employees, 98% lower than Silver Star Brands Inc's reported 305 employees, and received an average PPP loan of $52,838, 99% lower than this company's loan of $3.61M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/silver-star-brands-inc-oshkosh-wi