PPP Loan Data — Western States Envelope Company, Butler, WI
Western States Envelope Company
Entity: Subchapter S Corporation
Location: Butler, WITweet This • Search All PPP Data
Western States Envelope Company is a subchapter s corporation located at 4480 N. 132nd St in Butler, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $6,547,091.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Western States Envelope Company in Butler, WI received a Paycheck Protection Loan of $6.55M through CIBM 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, Western States Envelope Company's 2019 payroll expenses are estimated to be at least $31.43M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $62,852 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western States Envelope Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,547,091
Business Information - Western States Envelope Company in Butler, WI
4480 N. 132nd St
Butler, WI 53007
Paper Bag and Coated and Treated Paper Manufacturing
NAICS code 322220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 434 businesses in the "Paper Bag and Coated and Treated Paper Manufacturing" industry received a total of $179.65M 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 38 employees, 92% lower than Western States Envelope Company's reported 500 employees, and received an average PPP loan of $413,940, 94% lower than this company's loan of $6.55M.
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Footnotes & Information
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