PPP Loan Data — Gayle H Wenzel CPA LLC, Lexington, SC
Gayle H Wenzel CPA LLC is a limited liability company (LLC) located at 110 N Lake Drive in Lexington, South Carolina that received a Coronavirus-related PPP loan from the SBA of $24,962.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Community Bank
Gayle H Wenzel CPA LLC in Lexington, SC received a Paycheck Protection Loan of $24,962 through First Community Bank, which was approved in July, 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 June, 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, Gayle H Wenzel CPA LLC's 2019 payroll expenses are estimated to be at least $119,818.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,909 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gayle H Wenzel CPA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,962
Business Information - Gayle H Wenzel CPA LLC in Lexington, SC
110 N Lake Drive
Lexington, SC 29071
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lexington
In the Lexington area, 7 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $45,214 (compared to this company's $24,962).
Similar Nearby Businesses Who Received PPP Funding:
The Breazeale Company CPAs LLC
Dooley And Company, LLC
J B Merritt & Associates LLC
Newsome & Company PC
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 200% higher than Gayle H Wenzel CPA LLC's reported 2 employees, and received an average PPP loan of $73,772, 196% higher than this company's loan of $24,962.
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Footnotes & Information
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