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PPP Loan Data — Wisconsin Aluminum Foundry Company Inc, Manitowoc, WI

SBA PPP loan data, payroll data, and salaries for Wisconsin Aluminum Foundry Company Inc
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:

$5.09M

Jobs Retained:

371

Loan Approved:

2020-04-10

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Wisconsin 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.

Because the loan received by Wisconsin Aluminum Foundry Company 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 - Wisconsin Aluminum Foundry Company Inc in Manitowoc, WI

Wisconsin Aluminum Foundry Company Inc
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-06

Industry 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.

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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/wisconsin-aluminum-foundry-company-inc-manitowoc-wi