PPP Loan Data — Wagner Early Childhood, Wagner, SD
Wagner Early Childhood is a corporation located at 401 Walnut St Sw in Wagner, South Dakota that received a Coronavirus-related PPP loan from the SBA of $25,477.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Commercial State Bank of Wagner
Wagner Early Childhood in Wagner, SD received a Paycheck Protection Loan of $25,477 through Commercial State Bank of Wagner, 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 March, 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, Wagner Early Childhood's 2019 payroll expenses are estimated to be at least $122,290.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,470 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wagner Early Childhood reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,477
Business Information - Wagner Early Childhood in Wagner, SD
401 Walnut St Sw
Wagner, SD 57380
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Wagner
In the Wagner area, 6 businesses in the "Child Day Care Services" 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 $17,411 (compared to this company's $25,477).
Similar Nearby Businesses Who Received PPP Funding:
Shining Star Academy LLC
Creative Care Learning Center LLC
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B 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 8 employees, 14% higher than Wagner Early Childhood's reported 7 employees, and received an average PPP loan of $41,676, 64% higher than this company's loan of $25,477.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!