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PPP Loan Data — Verhalen, Inc.,
Green Bay, WI
Verhalen, Inc.
Entity: Corporation
Industry: Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
Location: Green Bay, WI
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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:
Jobs Retained:
315Loan Approved:
2020-04-09Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONVerhalen, 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.
Business Information - Verhalen, Inc. in Green Bay, WI
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-08Similar 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
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.
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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