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PPP Loan Data — WB Manufacturing, LLC, Thorp, WI

SBA PPP loan data, payroll data, and salaries for WB Manufacturing, LLC
WI

WB Manufacturing, LLC

Entity: Limited Liability Company (LLC)

Industry: Wood Office Furniture Manufacturing

Location: Thorp, WI

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WB Manufacturing, LLC is a limited liability company (LLC) located at 507 East Grant Street in Thorp, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,707,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.71M

Jobs Retained:

229

Loan Approved:

2020-04-06

Lender:

WINTRUST BANK, NATIONAL ASSOCIATION

WB Manufacturing, LLC in Thorp, WI received a Paycheck Protection Loan of $2.71M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, WB Manufacturing, LLC's total 2019 payroll expenses were approximately $13M in order to qualify for the PPP loan amount received.

Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $56,755 per employee1.

Because the loan received by WB Manufacturing, 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 - WB Manufacturing, LLC in Thorp, WI

WB Manufacturing, LLC
507 East Grant Street
Thorp, WI 54771

Business Industry

Wood Office Furniture Manufacturing (NAICS code 337211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-07

Industry PPP Comparison Statistics

Nationwide, 424 businesses in the "Wood Office Furniture Manufacturing" industry received a total of $106,682,060.00 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 21 employees, 91% lower than WB Manufacturing, LLC's reported 229 employees, and received an average PPP loan of $251,609, 91% lower than this company's loan of $2.71M.

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.

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/wb-manufacturing-llc-thorp-wi