PPP Loan Data — State Collection Service Inc., Madison, WI
State Collection Service Inc. is a corporation located at 2509 S. Stoughton Rd in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $5,669,200.00 in April, 2020.
$ PPP Loan Information
State Collection Service Inc. in Madison, WI received a Paycheck Protection Loan of $5.67M through OAK BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, State Collection Service Inc.'s total 2019 payroll expenses were approximately $27.21M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $54,424 per employee1.
Business Information - State Collection Service Inc. in Madison, WI
2509 S. Stoughton Rd
Madison, WI 53716
Collection Agencies (NAICS code 561440)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WI-02
Industry PPP Comparison Statistics
Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 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 20 employees, 96% lower than State Collection Service Inc.'s reported 500 employees, and received an average PPP loan of $250,135, 96% lower than this company's loan of $5.67M.
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Footnotes & Information
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