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PPP Loan Data — Wallace Enterprises Inc., Of Arizona, Las Vegas, NV

SBA PPP loan data, payroll data, and salaries for Wallace Enterprises Inc., Of Arizona
NV

Wallace Enterprises Inc., Of Arizona

Entity: Subchapter S Corporation

Industry: Poured Concrete Foundation and Structure Contractors

Location: Las Vegas, NV

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Wallace Enterprises Inc., Of Arizona is a subchapter s corporation located at 3675 W Teco Ave Ste 2 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $45,677.00 in May, 2020.

The company has reported itself as a female owned business, and employed at least six people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$45,677

Jobs Retained:

6

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Wallace Enterprises Inc., Of Arizona received a Paycheck Protection Loan of $45,677 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Wallace Enterprises Inc., Of Arizona's total 2019 payroll expenses were approximately $219,250 in order to qualify for the PPP loan amount received.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,542 per employee1.

Business Information - Wallace Enterprises Inc., Of Arizona in Las Vegas, NV

Wallace Enterprises Inc., Of Arizona
3675 W Teco Ave Ste 2
Las Vegas, NV 89118

Business Industry

Poured Concrete Foundation and Structure Contractors (NAICS code 238110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NV-01

Similar Companies near Las Vegas

In the Las Vegas area, 9 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 6) and received an average PPP loan of $719,650 (compared to this company's $45,677).

Industry PPP Comparison Statistics

Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 133% higher than Wallace Enterprises Inc., Of Arizona's reported 6 employees, and received an average PPP loan of $177,269, 288% higher than this company's loan of $45,677.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wallace-enterprises-inc-of-arizona-las-vegas-nv