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PPP Loan Data — The Wyanoke Group, Inc., Thorofare, NJ

SBA PPP loan data, payroll data, and salaries for The Wyanoke Group, Inc.
NJ

The Wyanoke Group, Inc.

Entity: Subchapter S Corporation

Industry: Book Publishers

Location: Thorofare, NJ

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The Wyanoke Group, Inc. is a subchapter s corporation located at 6900 Grove Road in Thorofare, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,949,777.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.95M

Jobs Retained:

314

Loan Approved:

2020-04-13

Lender:

TD BANK, NATIONAL ASSOCIATION

The Wyanoke Group, Inc. in Thorofare, NJ received a Paycheck Protection Loan of $3.95M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Wyanoke Group, Inc.'s total 2019 payroll expenses were approximately $18.96M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $60,379 per employee1.

Because the loan received by The Wyanoke Group, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Wyanoke Group, Inc. in Thorofare, NJ

The Wyanoke Group, Inc.
6900 Grove Road
Thorofare, NJ 08086

Business Industry

Book Publishers (NAICS code 511130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-01

Industry PPP Comparison Statistics

Nationwide, 1,536 businesses in the "Book Publishers" industry received a total of $256,913,578.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 96% lower than The Wyanoke Group, Inc.'s reported 314 employees, and received an average PPP loan of $167,261, 96% lower than this company's loan of $3.95M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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/the-wyanoke-group-inc-thorofare-nj