PPP Loan Data — Van Wyk, Inc, Sheldon, IA
Van Wyk, Inc
Location: Sheldon, IATweet This • Search All PPP Data
Van Wyk, Inc is a corporation located at 1901 S 2nd Ave in Sheldon, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,466,575.00 in April, 2020.
$ PPP Loan Information
Van Wyk, Inc received a Paycheck Protection Loan of $3.47M through VIBRANT CU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Van Wyk, Inc's total 2019 payroll expenses were approximately $16.64M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $65,510 per employee1.
Business Information - Van Wyk, Inc in Sheldon, IA
1901 S 2nd Ave
Sheldon, IA 51201
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-04
Similar Companies near Sheldon
In the Sheldon area, 6 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 254) and received an average PPP loan of $695,279 (compared to this company's $3.47M).
Similar Nearby Businesses Who Received PPP Funding:
Sudbeck Trucking Inc
Me Transport, Inc
Hymark Express Inc
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Van Wyk, Inc's reported 254 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.47M.
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Footnotes & Information
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