PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Timber Creek Resource, LLC, Milwaukee, WI

SBA PPP loan data, payroll data, and salaries for Timber Creek Resource, LLC
WI

Timber Creek Resource, LLC

Entity: Limited Liability Company (LLC)

Industry: Wood Container and Pallet Manufacturing

Location: Milwaukee, WI

Search All PPP Data

Timber Creek Resource, LLC is a limited liability company (LLC) located at 5059 N 119th Street in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,015,875.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 301 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.02M

Jobs Retained:

301

Loan Approved:

2020-04-06

Lender:

FIRST BUSINESS BANK

Timber Creek Resource, LLC received a Paycheck Protection Loan of $3.02M through FIRST BUSINESS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Timber Creek Resource, LLC's total 2019 payroll expenses were approximately $14.48M in order to qualify for the PPP loan amount received.

Based on their reported 301 jobs retained, this equals an estimated average yearly compensation of $48,094 per employee1.

Because the loan received by Timber Creek Resource, LLC 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 - Timber Creek Resource, LLC in Milwaukee, WI

Timber Creek Resource, LLC
5059 N 119th Street
Milwaukee, WI 53225

Business Industry

Wood Container and Pallet Manufacturing (NAICS code 321920)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WI-04

Similar Companies near Milwaukee

In the Milwaukee area, 2 businesses in the "Wood Container and Pallet Manufacturing" industry received a PPP loan. These local businesses reported an average of 182 employees (compared to this company's 301) and received an average PPP loan of $1,793,571 (compared to this company's $3.02M).

Similar Nearby Businesses Who Received PPP Funding:

Lemaster Group, LLC
Milwaukee, WI

$571,267 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,453 businesses in the "Wood Container and Pallet Manufacturing" industry received a total of $297,273,810.00 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 23 employees, 92% lower than Timber Creek Resource, LLC's reported 301 employees, and received an average PPP loan of $204,593, 93% lower than this company's loan of $3.02M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/timber-creek-resource-llc-milwaukee-wi