PPP Loan Data — Sprangers Brothers Partnership, Menasha, WI
Sprangers Brothers Partnership is a partnership located at N8117 County Road M in Menasha, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $24,937.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Compeer Financial, ACA
Sprangers Brothers Partnership in Menasha, WI received a Paycheck Protection Loan of $24,937 through Compeer Financial, ACA, 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 April, 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, Sprangers Brothers Partnership's 2019 payroll expenses are estimated to be at least $119,698.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,849 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sprangers Brothers Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,950
- Utilities: $2,494
- Mortgage Interest: $2,494
Business Information - Sprangers Brothers Partnership in Menasha, WI
N8117 County Road M
Menasha, WI 54952
Dairy Cattle and Milk Production
NAICS code 112120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Menasha
In the Menasha area, 9 businesses in the "Dairy Cattle and Milk Production" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $28,630 (compared to this company's $24,937).
Similar Nearby Businesses Who Received PPP Funding:
Brookside Dairy Farm LLC
Meyerhofer Dairy, LLP
Maple Lawn Dairy
Industry PPP Comparison Statistics
Nationwide, 24,315 businesses in the "Dairy Cattle and Milk Production" industry received a total of $1.23B 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 6 employees, 200% higher than Sprangers Brothers Partnership's reported 2 employees, and received an average PPP loan of $50,558, 103% higher than this company's loan of $24,937.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!