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PPP Loan Data — Wisconsin Aluminum Foundry Company Inc,
Manitowoc, WI
Wisconsin Aluminum Foundry Company Inc
Entity: Corporation
Industry: Industrial Mold Manufacturing
Location: Manitowoc, WI
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Wisconsin Aluminum Foundry Company Inc is a corporation located at 838 16th Street in Manitowoc, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $5,090,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
371Loan Approved:
2020-04-10Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONWisconsin Aluminum Foundry Company Inc in Manitowoc, WI received a Paycheck Protection Loan of $5.09M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wisconsin Aluminum Foundry Company Inc's total 2019 payroll expenses were approximately $24.44M in order to qualify for the PPP loan amount received.
Based on their reported 371 jobs retained, this equals an estimated average yearly compensation of $65,864 per employee1.
Business Information - Wisconsin Aluminum Foundry Company Inc in Manitowoc, WI
838 16th Street
Manitowoc, WI 54220
Business Industry
Industrial Mold Manufacturing (NAICS code 333511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: WI-06Industry PPP Comparison Statistics
Nationwide, 709 businesses in the "Industrial Mold Manufacturing" industry received a total of $233,949,824.00 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 24 employees, 94% lower than Wisconsin Aluminum Foundry Company Inc's reported 371 employees, and received an average PPP loan of $329,972, 94% lower than this company's loan of $5.09M.
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.
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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