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PPP Loan Data — Weiler Forestry Inc., Knoxville, IA

SBA PPP loan data, payroll data, and salaries for Weiler Forestry Inc.
IA

Weiler Forestry Inc.

Entity: Subchapter S Corporation

Industry: Construction Machinery Manufacturing

Location: Knoxville, IA

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Weiler Forestry Inc. is a subchapter s corporation located at 815 Weiler Drive in Knoxville, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,803,733.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 209 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

209

Loan Approved:

2020-04-06

Lender:

MARION COUNTY STATE BANK

Weiler Forestry Inc. received a Paycheck Protection Loan of $2.8M through MARION COUNTY STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Weiler Forestry Inc.'s total 2019 payroll expenses were approximately $13.46M in order to qualify for the PPP loan amount received.

Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $64,392 per employee1.

Because the loan received by Weiler Forestry 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 - Weiler Forestry Inc. in Knoxville, IA

Weiler Forestry Inc.
815 Weiler Drive
Knoxville, IA 50138

Business Industry

Construction Machinery Manufacturing (NAICS code 333120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IA-02

Similar Companies near Knoxville

In the Knoxville area, 3 businesses in the "Construction Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 234 employees (compared to this company's 209) and received an average PPP loan of $2,607,344 (compared to this company's $2.8M).

Industry PPP Comparison Statistics

Nationwide, 969 businesses in the "Construction Machinery Manufacturing" industry received a total of $249,568,529.00 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 19 employees, 91% lower than Weiler Forestry Inc.'s reported 209 employees, and received an average PPP loan of $257,553, 91% lower than this company's loan of $2.8M.

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/weiler-forestry-inc-knoxville-ia