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PPP Loan Data — W-Industries Of Louisiana LLC,
Maurice, LA
W-Industries Of Louisiana LLC
Entity: Corporation
Industry: Oil and Gas Field Machinery and Equipment Manufacturing
Location: Maurice, LA
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W-Industries Of Louisiana LLC is a corporation located at 7616 Johnston St in Maurice, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,939,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
161Loan Approved:
2020-04-27Lender:
HANCOCK WHITNEY BANKW-Industries Of Louisiana LLC in Maurice, LA received a Paycheck Protection Loan of $2.94M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, W-Industries Of Louisiana LLC's total 2019 payroll expenses were approximately $14.11M in order to qualify for the PPP loan amount received.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $87,622 per employee1.
Business Information - W-Industries Of Louisiana LLC in Maurice, LA
7616 Johnston St
Maurice, LA 70555
Business Industry
Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: LA-03Similar Companies near Maurice
In the Maurice area, 2 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 161) and received an average PPP loan of $1,517,850 (compared to this company's $2.94M).
Similar Nearby Businesses Who Received PPP Funding:
Crown Energy Services, Inc
Maurice, LA
Industry PPP Comparison Statistics
Nationwide, 893 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $361,454,588.00 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 25 employees, 84% lower than W-Industries Of Louisiana LLC's reported 161 employees, and received an average PPP loan of $404,764, 86% lower than this company's loan of $2.94M.
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.
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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