PPP Loan Data — Wacker Home Improvements Inc, Norfolk, NE
Wacker Home Improvements Inc
Location: Norfolk, NETweet This • Search All PPP Data
Wacker Home Improvements Inc is a corporation located at 301 N 4th Street in Norfolk, Nebraska that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Elkhorn Valley Bank & Trust
Wacker Home Improvements Inc in Norfolk, NE received a Paycheck Protection Loan of $46,500 through Elkhorn Valley Bank & Trust, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Wacker Home Improvements Inc's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,886 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wacker Home Improvements Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $40,700
- Utilities: $1,800
- Rent: $4,000
Business Information - Wacker Home Improvements Inc in Norfolk, NE
301 N 4th Street
Norfolk, NE 68701
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Norfolk
In the Norfolk area, 26 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $26,254 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Tyson Fischer Construction Inc
Whitecliff Development, Inc
Pete Becker Construction Inc
C&C Builders LLC
Bolin Construction, Inc
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 29% lower than Wacker Home Improvements Inc's reported 7 employees, and received an average PPP loan of $45,182, 3% lower than this company's loan of $46,500.
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