PPP Loan Data — The Wright Puff, Mason, OH
The Wright Puff is a limited liability company (LLC) located at 118 East Main St in Mason, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wright Patt CU Inc
The Wright Puff in Mason, OH received a Paycheck Protection Loan of $25,000 through Wright Patt CU Inc, 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, The Wright Puff's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Wright Puff reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $3,125
- Rent: $3,125
Business Information - The Wright Puff in Mason, OH
118 East Main St
Mason, OH 45040
NAICS code 453991
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 8,306 businesses in the "Tobacco Stores" industry received a total of $235.12M 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 5 employees, 150% higher than The Wright Puff's reported 2 employees, and received an average PPP loan of $28,307, 13% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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