PPP Loan Data — Tufco LP, Green Bay, WI
Tufco LP is a limited liability partnership located at 3161 S Ridge Rd in Green Bay, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,177,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 128 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Tufco LP in Green Bay, WI received a Paycheck Protection Loan of $2.18M through Johnson Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Tufco LP's 2019 payroll expenses are estimated to be at least $10.45M.
Based on their reported 128 jobs retained, this equals an estimated average yearly compensation of $81,656 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tufco LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,633,125
- Utilities: $272,188
- Mortgage Interest: $272,188
Business Information - Tufco LP in Green Bay, WI
3161 S Ridge Rd
Green Bay, WI 54304
Nonwoven Fabric Mills
NAICS code 313230
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 125 businesses in the "Nonwoven Fabric Mills" industry received a total of $58.29M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 44 employees, 66% lower than Tufco LP's reported 128 employees, and received an average PPP loan of $466,285, 79% lower than this company's loan of $2.18M.
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Footnotes & Information
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