PPP Loan Data — Zimmerman & Pare LLC, Madison, WI
Zimmerman & Pare LLC
Entity: Limited Liability Company (LLC)
Franchise: The UPS Store (f/k/a Mail Box Etc dba The UPS Store)
Location: Madison, WITweet This • Search All PPP Data
Zimmerman & Pare LLC is a limited liability company (LLC) located at 1360 Regent St in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020. This business is a The UPS Store (f/k/a Mail Box Etc dba The UPS Store) franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Associated Bank, National Association
Zimmerman & Pare LLC in Madison, WI received a Paycheck Protection Loan of $25,100 through Associated Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Zimmerman & Pare LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zimmerman & Pare LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Zimmerman & Pare LLC in Madison, WI
1360 Regent St
Madison, WI 53715
Other Business Service Centers (including Copy Shops)
NAICS code 561439
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,635 businesses in the "Other Business Service Centers (including Copy Shops)" industry received a total of $221.26M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, the same amount reported by Zimmerman & Pare LLC and received an average PPP loan of $39,265, 56% higher than this company's loan of $25,100.
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