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PPP Loan Data — WM Michael Stemler, Inc., Stockton, CA

SBA PPP loan data, payroll data, and salaries for WM Michael Stemler, Inc.
CA

WM Michael Stemler, Inc.

Entity: Corporation

Industry: Health and Welfare Funds

Location: Stockton, CA

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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

Loan Size:

$2.94M

Jobs Retained:

194

Loan Approved:

2020-04-28

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.

Because the loan received by WM Michael Stemler, 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 - WM Michael Stemler, Inc. in Stockton, CA

WM Michael Stemler, Inc.
3244 Brookside Rd Ste #109
Stockton, CA 95219

Business Industry

Health and Welfare Funds (NAICS code 525120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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/wm-michael-stemler-inc-stockton-ca