PPP Loan Data — Walker Commercial Interiors LLC, Fort Lauderdale, FL
Walker Commercial Interiors LLC is a limited liability company (LLC) located at 3758 Sw 30th Ave in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $1,534,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 95 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Walker Commercial Interiors LLC in Fort Lauderdale, FL received a Paycheck Protection Loan of $1.53M through PNC Bank, National Association, which was approved in April, 2020.
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, Walker Commercial Interiors LLC's 2019 payroll expenses are estimated to be at least $7.36M.
Based on their reported 95 jobs retained, this equals an estimated average yearly compensation of $77,523 per employee1
Reported PPP Proceed Usage:
On the PPP application, Walker Commercial Interiors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,534,300
Business Information - Walker Commercial Interiors LLC in Fort Lauderdale, FL
3758 Sw 30th Ave
Fort Lauderdale, FL 33312
Drywall and Insulation Contractors
NAICS code 238310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 9 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 95) and received an average PPP loan of $186,978 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
L Vargas Drywall Inc
Fort Lauderdale, FL
Curtis Home Service
Triple M Stucco Platering
Fort Lauderdale, FL
Industry PPP Comparison Statistics
Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 88% lower than Walker Commercial Interiors LLC's reported 95 employees, and received an average PPP loan of $128,649, 92% lower than this company's loan of $1.53M.
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Footnotes & Information
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