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PPP Loan Data — Team Industries Inc/Wbdfc, Kaukauna, WI

SBA PPP loan data, payroll data, and salaries for Team Industries Inc/Wbdfc
WI

Team Industries Inc/Wbdfc

Entity: Subchapter S Corporation

Industry: Fabricated Pipe and Pipe Fitting Manufacturing

Location: Kaukauna, WI

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Team Industries Inc/Wbdfc is a subchapter s corporation located at 1200 Maloney Rd in Kaukauna, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $5,083,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.08M

Jobs Retained:

273

Loan Approved:

2020-04-09

Lender:

THE BANK OF KAUKAUNA

Team Industries Inc/Wbdfc in Kaukauna, WI received a Paycheck Protection Loan of $5.08M through THE BANK OF KAUKAUNA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Team Industries Inc/Wbdfc's total 2019 payroll expenses were approximately $24.4M in order to qualify for the PPP loan amount received.

Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $89,384 per employee1.

Because the loan received by Team Industries Inc/Wbdfc 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 - Team Industries Inc/Wbdfc in Kaukauna, WI

Team Industries Inc/Wbdfc
1200 Maloney Rd
Kaukauna, WI 54130

Business Industry

Fabricated Pipe and Pipe Fitting Manufacturing (NAICS code 332996)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-08

Industry PPP Comparison Statistics

Nationwide, 465 businesses in the "Fabricated Pipe and Pipe Fitting Manufacturing" industry received a total of $215,859,300.00 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 30 employees, 89% lower than Team Industries Inc/Wbdfc's reported 273 employees, and received an average PPP loan of $464,214, 91% lower than this company's loan of $5.08M.

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/team-industries-inc-wbdfc-kaukauna-wi