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PPP Loan Data — W-Industries Of Louisiana LLC, Maurice, LA

SBA PPP loan data, payroll data, and salaries for W-Industries Of Louisiana LLC
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:

$2.94M

Jobs Retained:

161

Loan Approved:

2020-04-27

Lender:

HANCOCK WHITNEY BANK

W-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.

Because the loan received by W-Industries Of Louisiana LLC 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 - W-Industries Of Louisiana LLC in Maurice, LA

W-Industries Of Louisiana LLC
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-03

Similar 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

$96,700 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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/w-industries-of-louisiana-llc-maurice-la