PPP Loan Data — Pool Wizard Inc, Amelia Court House, VA
Pool Wizard Inc is a corporation located at 15501 Goodes Bridge Rd in Amelia Court House, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank and Trust Company
Pool Wizard Inc in Amelia Court House, VA received a Paycheck Protection Loan of $46,500 through Citizens Bank and Trust Company, which was approved in April, 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, Pool Wizard Inc's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pool Wizard Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,200
- Utilities: $1,000
- Mortgage Interest: $4,300
- Health Care: $4,000
Business Information - Pool Wizard Inc in Amelia Court House, VA
15501 Goodes Bridge Rd
Amelia Court House, VA 23002
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Amelia Court House
In the Amelia Court House area, 3 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 9) and received an average PPP loan of $20,500 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Travis W Patterson
Amelia Court House, VA
Amelia Court House, VA
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 11% lower than Pool Wizard Inc's reported 9 employees, and received an average PPP loan of $86,076, 85% higher than this company's loan of $46,500.
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Footnotes & Information
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