PPP Loan Data — WAC Lighting Co, Port Washington, NY
WAC Lighting Co
Entity: Limited Liability Company (LLC)
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Port Washington, NYTweet This • Search All PPP Data
WAC Lighting Co is a limited liability company (LLC) located at 44 Harbor Park Drive in Port Washington, New York that received a Coronavirus-related PPP loan from the SBA of $3,566,347.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
WAC Lighting Co received a Paycheck Protection Loan of $3.57M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, WAC Lighting Co's total 2019 payroll expenses were approximately $17.12M in order to qualify for the PPP loan amount received.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $75,081 per employee1.
Business Information - WAC Lighting Co in Port Washington, NY
44 Harbor Park Drive
Port Washington, NY 11050
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
Similar Companies near Port Washington
In the Port Washington area, 2 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 228) and received an average PPP loan of $1,799,492 (compared to this company's $3.57M).
Similar Nearby Businesses Who Received PPP Funding:
Multi-Source Electrical & Industrial
Port Washington, NY
Industry PPP Comparison Statistics
Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 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 15 employees, 93% lower than WAC Lighting Co's reported 228 employees, and received an average PPP loan of $230,211, 94% lower than this company's loan of $3.57M.
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