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

PPP Loan Data — Mcwhirter Holdings LLC, Tuscaloosa, AL

ALERT: There are 2 PPP loans for a total of $53,182 in our database for businesses with the name "Mcwhirter Holdings LLC" in Tuscaloosa, AL. 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 Mcwhirter Holdings LLC
AL

Mcwhirter Holdings LLC

Entity: Limited Liability Company (LLC)

Industry: Drinking Places (Alcoholic Beverages)

Location: Tuscaloosa, AL

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Mcwhirter Holdings LLC is a limited liability company (LLC) located at 1229 University Blvd in Tuscaloosa, Alabama that received a Coronavirus-related PPP loan from the SBA of $29,850.00 in March, 2021.

$ PPP Loan Information
Loan #6090618508

Loan Size:

$29,850

Jobs Retained:

10

Loan Approved:

2021-03-02

Loan Status:

Active Un-Disbursed

Lender:

Trustmark National Bank
PPP Funds Undisbursed

Mcwhirter Holdings LLC in Tuscaloosa, AL received a Paycheck Protection Loan of $29,850 through Trustmark National Bank, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $29,850 in approved PPP funding has not been disbursed. 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

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, Mcwhirter Holdings LLC's 2019 payroll expenses are estimated to be at least $143,280.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $14,328 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mcwhirter Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $29,845
  • Utilities: $1

Business Information - Mcwhirter Holdings LLC in Tuscaloosa, AL

Mcwhirter Holdings LLC
1229 University Blvd
Tuscaloosa, AL 35401

Business Industry:
Drinking Places (Alcoholic Beverages)
NAICS code 722410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Tuscaloosa County, AL — SBA Office 0459 — Congressional District: AL-07

Similar Companies near Tuscaloosa

In the Tuscaloosa area, 23 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 10) and received an average PPP loan of $64,961 (compared to this company's $29,850).

Industry PPP Comparison Statistics

Nationwide, 42,646 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.67B 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, 30% higher than Mcwhirter Holdings LLC's reported 10 employees, and received an average PPP loan of $62,610, 110% higher than this company's loan of $29,850.

SBA PPP loan data, payroll data, and salaries for Mcwhirter Holdings, LLC
AL

Mcwhirter Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Lessors of Other Real Estate Property

Location: Tuscaloosa, AL

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Mcwhirter Holdings, LLC is a limited liability company (LLC) located at 1229 University Blvd in Tuscaloosa, Alabama that received a Coronavirus-related PPP loan from the SBA of $23,332.00 in May, 2020.

$ PPP Loan Information
Loan #8981757304

Loan Size:

$23,332

Jobs Retained:

7

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Trustmark National Bank

Mcwhirter Holdings, LLC in Tuscaloosa, AL received a Paycheck Protection Loan of $23,332 through Trustmark National Bank, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Mcwhirter Holdings, LLC's 2019 payroll expenses are estimated to be at least $111,994.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $15,999 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mcwhirter Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $23,332

Business Information - Mcwhirter Holdings, LLC in Tuscaloosa, AL

Mcwhirter Holdings, LLC
1229 University Blvd
Tuscaloosa, AL 35401

Business Industry:
Lessors of Other Real Estate Property
NAICS code 531190

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Tuscaloosa County, AL — SBA Office 0459 — Congressional District: AL-07

Similar Companies near Tuscaloosa

In the Tuscaloosa area, 5 businesses in the "Lessors of Other Real Estate Property" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 7) and received an average PPP loan of $639,984 (compared to this company's $23,332).

Industry PPP Comparison Statistics

Nationwide, 12,487 businesses in the "Lessors of Other Real Estate Property" industry received a total of $733.24M 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, 14% lower than Mcwhirter Holdings, LLC's reported 7 employees, and received an average PPP loan of $58,721, 152% higher than this company's loan of $23,332.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mcwhirter-holdings-llc-tuscaloosa-al