PPP Loan Data — Spartan Bowl, Inc, Mc Farland, WI
Spartan Bowl, Inc is a corporation located at 4711 Farwell Street in Mc Farland, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least nineteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:One Community Bank
Spartan Bowl, Inc in Mc Farland, WI received a Paycheck Protection Loan of $46,100 through One Community Bank, 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, Spartan Bowl, Inc's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $11,646 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spartan Bowl, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - Spartan Bowl, Inc in Mc Farland, WI
4711 Farwell Street
Mc Farland, WI 53558
NAICS code 713950
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: Urban
Similar Companies near Mc Farland
In the Mc Farland area, 2 businesses in the "Bowling Centers" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 19) and received an average PPP loan of $46,143 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
Spartan Bowl Inc
Industry PPP Comparison Statistics
Nationwide, 4,102 businesses in the "Bowling Centers" industry received a total of $320.33M 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 19 employees, the same amount reported by Spartan Bowl, Inc and received an average PPP loan of $78,091, 69% higher than this company's loan of $46,100.
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Footnotes & Information
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