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PPP Loan Data — WM Michael Stemler, Inc.,
Stockton, 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:
Jobs Retained:
194Loan Approved:
2020-04-28Lender:
MUFG UNION BANK, NATIONAL ASSOCIATIONWM 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
Business Industry
Health and Welfare Funds (NAICS code 525120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-09Industry 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.
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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