PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Fine Wine Trading Company, Charlotte, NC

ALERT: There are 2 PPP loans for a total of $300,000 in our database for businesses with the name "Fine Wine Trading Company" in Charlotte, NC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Fine Wine Trading Company
NC

Fine Wine Trading Company

Entity: Corporation

Industry: Wine and Distilled Alcoholic Beverage Merchant Wholesalers

Location: Charlotte, NC

Search All PPP Data

Fine Wine Trading Company is a corporation located at 200 Forsyth Hall Dr Ste B-1 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $150,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least twelve people during the applicable loan loan period.

$ PPP Loan Information
Loan #3509928307

Loan Size:

$150,000

Jobs Retained:

12

Loan Approved:

2021-01-22

Loan Status:

Paid in Full or Forgiven

Lender:

Uwharrie Bank

Fine Wine Trading Company in Charlotte, NC received a Paycheck Protection Loan of $150,000 through Uwharrie Bank, which was approved in January, 2021.

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 October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Fine Wine Trading Company's 2019 payroll expenses are estimated to be at least $720,000.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fine Wine Trading Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $149,998
  • Utilities: $1

Business Information - Fine Wine Trading Company in Charlotte, NC

Fine Wine Trading Company
200 Forsyth Hall Dr Ste B-1
Charlotte, NC 28273

Business Industry:
Wine and Distilled Alcoholic Beverage Merchant Wholesalers
NAICS code 424820

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Mecklenburg County, NC — SBA Office 0460 — Congressional District: NC-12

Similar Companies near Charlotte

In the Charlotte area, 2 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 12) and received an average PPP loan of $1,478,873 (compared to this company's $150,000).

Similar Nearby Businesses Who Received PPP Funding:

Tryon Distributing LLC
Charlotte, NC

$2.81M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,386 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $467.39M 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 13 employees, 8% higher than Fine Wine Trading Company's reported 12 employees, and received an average PPP loan of $138,036, 8% lower than this company's loan of $150,000.

SBA PPP loan data, payroll data, and salaries for Fine Wine Trading Company
NC

Fine Wine Trading Company

Entity: Corporation

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Location: Charlotte, NC

Search All PPP Data

Fine Wine Trading Company is a corporation located at 200 Forsyth Hall Dr Ste B-1 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $150,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #3649767106

Loan Size:

$150,000

Jobs Retained:

15

Loan Approved:

2020-04-11

Loan Status:

Paid in Full or Forgiven

Lender:

Uwharrie Bank

Fine Wine Trading Company in Charlotte, NC received a Paycheck Protection Loan of $150,000 through Uwharrie Bank, 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 November, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Fine Wine Trading Company's 2019 payroll expenses are estimated to be at least $720,000.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fine Wine Trading Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $150,000

Business Information - Fine Wine Trading Company in Charlotte, NC

Fine Wine Trading Company
200 Forsyth Hall Dr Ste B-1
Charlotte, NC 28273

Business Industry:
Automobile and Other Motor Vehicle Merchant Wholesalers
NAICS code 423110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Mecklenburg County, NC — SBA Office 0460 — Congressional District: NC-12

Similar Companies near Charlotte

In the Charlotte area, 3 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 15) and received an average PPP loan of $361,457 (compared to this company's $150,000).

Industry PPP Comparison Statistics

Nationwide, 9,735 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $982.81M 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 9 employees, 40% lower than Fine Wine Trading Company's reported 15 employees, and received an average PPP loan of $100,956, 33% lower than this company's loan of $150,000.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fine-wine-trading-company-charlotte-nc