PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Winger Contracting Company, Ottumwa, IA

Winger Contracting Company is a corporation located at 918 Hayne St in Ottumwa, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,500,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 225 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.5M

Jobs Retained:

225

Loan Approved:

2020-04-07

Lender:

COMMUNITY 1ST CU

Winger Contracting Company received a Paycheck Protection Loan of $3.5M through COMMUNITY 1ST CU, which was approved in April, 2020.

Based on standard PPP eligibility rules, Winger Contracting Company's total 2019 payroll expenses were approximately $16.8M in order to qualify for the PPP loan amount received.

Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $74,667 per employee1.

Because the loan received by Winger Contracting Company 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 - Winger Contracting Company in Ottumwa, IA

Winger Contracting Company
918 Hayne St
Ottumwa, IA 52501

Business Industry

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (NAICS code 811310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: IA-02

Similar Companies near Ottumwa

In the Ottumwa area, 2 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 225) and received an average PPP loan of $1,799,164 (compared to this company's $3.5M).

Similar Nearby Businesses Who Received PPP Funding:

Lunt Reliability Service, LLC
Ottumwa, IA

$98,327 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 12,028 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $1,542,124,009.00 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 10 employees, 96% lower than Winger Contracting Company's reported 225 employees, and received an average PPP loan of $128,211, 96% lower than this company's loan of $3.5M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/winger-contracting-company-ottumwa-ia