PPP Loan Data — Walker's Roofing And Home Improvement, Evington, VA
Walker's Roofing And Home Improvement is a sole proprietorship located at 5630 Dearborn Road in Evington, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,260.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Walker's Roofing And Home Improvement in Evington, VA received a Paycheck Protection Loan of $25,260 through Wells Fargo 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's Roofing And Home Improvement's 2019 payroll expenses are estimated to be at least $121,248.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,250 per employee1
Reported PPP Proceed Usage:
On the PPP application, Walker's Roofing And Home Improvement reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,260
Business Information - Walker's Roofing And Home Improvement in Evington, VA
5630 Dearborn Road
Evington, VA 24550
NAICS code 238160
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Evington
In the Evington area, 2 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $22,630 (compared to this company's $25,260).
Similar Nearby Businesses Who Received PPP Funding:
Beakler Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 28,905 businesses in the "Roofing Contractors" industry received a total of $2.88B 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 9 employees, 80% higher than Walker's Roofing And Home Improvement's reported 5 employees, and received an average PPP loan of $99,538, 294% higher than this company's loan of $25,260.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!