PPP Loan Data — S&S Cycle, Inc, Viola, WI
S&S Cycle, Inc is a corporation located at 14025 County Highway G in Viola, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 250 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bremer Bank, National Association
S&S Cycle, Inc in Viola, WI received a Paycheck Protection Loan of $3M through Bremer Bank, National Association, 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, S&S Cycle, Inc's 2019 payroll expenses are estimated to be at least $14.4M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $57,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, S&S Cycle, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,000,000
Business Information - S&S Cycle, Inc in Viola, WI
14025 County Highway G
Viola, WI 54664
Motorcycle, Bicycle, and Parts Manufacturing
NAICS code 336991
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 623 businesses in the "Motorcycle, Bicycle, and Parts Manufacturing" industry received a total of $63.01M 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 11 employees, 96% lower than S&S Cycle, Inc's reported 250 employees, and received an average PPP loan of $101,145, 97% lower than this company's loan of $3M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!