PPP Loan Data — Wade Incorporated, Greenwood, MS
Location: Greenwood, MSTweet This • Search All PPP Data
Wade Incorporated is a corporation located at 1505 Highway 82 in Greenwood, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,847,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 280 people during the applicable loan loan period.
$ PPP Loan Information
Lender:PLANTERS BANK & TRUST COMPANY
Wade Incorporated in Greenwood, MS received a Paycheck Protection Loan of $3.85M through PLANTERS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wade Incorporated's total 2019 payroll expenses were approximately $18.47M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $65,962 per employee1.
Business Information - Wade Incorporated in Greenwood, MS
1505 Highway 82
Greenwood, MS 38930
Farm and Garden Machinery and Equipment Merchant Wholesalers (NAICS code 423820)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MS-02
Industry PPP Comparison Statistics
Nationwide, 2,270 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $573,983,487.00 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 19 employees, 93% lower than Wade Incorporated's reported 280 employees, and received an average PPP loan of $252,856, 93% lower than this company's loan of $3.85M.
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