PPP Loan Data — Oppermann Webbing Inc, Piedmont, SC
Oppermann Webbing Inc is a corporation located at 129 Hollow Drive in Piedmont, South Carolina that received a Coronavirus-related PPP loan from the SBA of $1,889,194.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least 200 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Oppermann Webbing Inc in Piedmont, SC received a Paycheck Protection Loan of $1.89M through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, Oppermann Webbing Inc's 2019 payroll expenses are estimated to be at least $9.07M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $45,341 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oppermann Webbing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,889,194
Business Information - Oppermann Webbing Inc in Piedmont, SC
129 Hollow Drive
Piedmont, SC 29673
All Other Miscellaneous Textile Product Mills
NAICS code 314999
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,810 businesses in the "All Other Miscellaneous Textile Product Mills" industry received a total of $364.85M 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 14 employees, 93% lower than Oppermann Webbing Inc's reported 200 employees, and received an average PPP loan of $129,839, 93% lower than this company's loan of $1.89M.
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Footnotes & Information
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