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PPP Loan Data — The Fall River Group, Inc., Fall River, WI

SBA PPP loan data, payroll data, and salaries for The Fall River Group, Inc.
WI

The Fall River Group, Inc.

Entity: Subchapter S Corporation

Industry: Other Nonferrous Metal Foundries (except Die-Casting)

Location: Fall River, WI

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The Fall River Group, Inc. is a subchapter s corporation located at 670 S Main St in Fall River, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,951,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.95M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

JOHNSON BANK

The Fall River Group, Inc. in Fall River, WI received a Paycheck Protection Loan of $2.95M through JOHNSON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Fall River Group, Inc.'s total 2019 payroll expenses were approximately $14.17M in order to qualify for the PPP loan amount received.

Unlike most businesses, The Fall River Group, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by The Fall River Group, Inc. 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 - The Fall River Group, Inc. in Fall River, WI

The Fall River Group, Inc.
670 S Main St
Fall River, WI 53932

Business Industry

Other Nonferrous Metal Foundries (except Die-Casting) (NAICS code 331529)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-06

Industry PPP Comparison Statistics

Nationwide, 201 businesses in the "Other Nonferrous Metal Foundries (except Die-Casting)" industry received a total of $49,120,898.00 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 17 employees, and received an average PPP loan of $244,383, 92% lower than this company's loan of $2.95M.

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/the-fall-river-group-inc-fall-river-wi