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PPP Loan Data — Verhalen, Inc., Green Bay, WI

SBA PPP loan data, payroll data, and salaries for Verhalen, Inc.
WI

Verhalen, Inc.

Entity: Corporation

Industry: Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Location: Green Bay, WI

Search All PPP Data

Verhalen, Inc. is a corporation located at 500 Pilgrim Way in Green Bay, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $5,875,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.88M

Jobs Retained:

315

Loan Approved:

2020-04-09

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Verhalen, Inc. received a Paycheck Protection Loan of $5.88M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Verhalen, Inc.'s total 2019 payroll expenses were approximately $28.2M in order to qualify for the PPP loan amount received.

Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $89,524 per employee1.

Because the loan received by Verhalen, 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 - Verhalen, Inc. in Green Bay, WI

Verhalen, Inc.
500 Pilgrim Way
Green Bay, WI 54304

Business Industry

Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-08

Similar Companies near Green Bay

In the Green Bay area, 2 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 315) and received an average PPP loan of $4,875,600 (compared to this company's $5.88M).

Similar Nearby Businesses Who Received PPP Funding:

Amerhart, LTD
Green Bay, WI

$3.88M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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, 95% lower than Verhalen, Inc.'s reported 315 employees, and received an average PPP loan of $225,451, 96% lower than this company's loan of $5.88M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/verhalen-inc-green-bay-wi