PPP Loan Data — WM Michael Stemler, Inc., Stockton, CA
WM Michael Stemler, Inc. is a corporation located at 3244 Brookside Rd Ste #109 in Stockton, California that received a Coronavirus-related PPP loan from the SBA of $2,941,025.00 in April, 2020.
$ PPP Loan Information
Lender:MUFG UNION BANK, NATIONAL ASSOCIATION
WM Michael Stemler, Inc. in Stockton, CA received a Paycheck Protection Loan of $2.94M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, WM Michael Stemler, Inc.'s total 2019 payroll expenses were approximately $14.12M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $72,768 per employee1.
Business Information - WM Michael Stemler, Inc. in Stockton, CA
3244 Brookside Rd Ste #109
Stockton, CA 95219
Health and Welfare Funds (NAICS code 525120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-09
Industry PPP Comparison Statistics
Nationwide, 219 businesses in the "Health and Welfare Funds" industry received a total of $50,201,718.00 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 16 employees, 92% lower than WM Michael Stemler, Inc.'s reported 194 employees, and received an average PPP loan of $229,232, 92% lower than this company's loan of $2.94M.
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Footnotes & Information
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