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PPP Loan Data — Wincraft Inc, Winona, MN

SBA PPP loan data, payroll data, and salaries for Wincraft Inc
MN

Wincraft Inc

Entity: Corporation

Industry: Sporting and Athletic Goods Manufacturing

Location: Winona, MN

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Wincraft Inc is a corporation located at 960 E. Mark St. in Winona, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,919,115.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.92M

Jobs Retained:

500

Loan Approved:

2020-04-13

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Wincraft Inc received a Paycheck Protection Loan of $5.92M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wincraft Inc's total 2019 payroll expenses were approximately $28.41M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $56,824 per employee1.

Because the loan received by Wincraft 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 - Wincraft Inc in Winona, MN

Wincraft Inc
960 E. Mark St.
Winona, MN 55987

Business Industry

Sporting and Athletic Goods Manufacturing (NAICS code 339920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-01

Similar Companies near Winona

In the Winona area, 2 businesses in the "Sporting and Athletic Goods Manufacturing" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 500) and received an average PPP loan of $2,969,708 (compared to this company's $5.92M).

Similar Nearby Businesses Who Received PPP Funding:

Pillbox Bat Company LLC
Winona, MN

$20,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,674 businesses in the "Sporting and Athletic Goods Manufacturing" industry received a total of $240,620,308.00 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 13 employees, 97% lower than Wincraft Inc's reported 500 employees, and received an average PPP loan of $143,740, 98% lower than this company's loan of $5.92M.

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/wincraft-inc-winona-mn