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PPP Loan Data — The Fall River Group, Inc.,
Fall River, 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:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-28Lender:
JOHNSON BANKThe 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.
Business Information - The Fall River Group, Inc. in Fall River, WI
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-06Industry 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.
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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