PPP Loan Information — WMLS INC.
WMLS INC. is a subchapter s corporation located in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of at least $150,000.00 in April, 2020.
PPP Loan Information
$150,000 to $291,667
Lender:KeyBank National Association
WMLS INC. received a Paycheck Protection Loan of between 150,000 and 350,000 through KeyBank National Association, which was approved in April, 2020.
When accounting for 14 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $291,6672.
Based on standard PPP eligibility rules, WMLS INC.'s total 2019 payroll expenses were between $720,000 and $1.4M+ in order to qualify for the PPP loan amount received. Based on their reported 14 jobs retained, this equals an estimated average yearly compensation between $51,429 and $100,000+ per employee1.
Business Information - WMLS INC. in ANCHORAGE, AK
1400 Labar St.
ANCHORAGE, AK 99515
Glass and Glazing Contractors (NAICS code 238150)
Business Owner Demographics
Race / Ethnicity: Unanswered
Veteran Status: UnansweredAK - 00
Similar Nearby Businesses Who Received PPP Funding:ALASKA GLAZING INC.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. 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.