PPP Loan Data — Walliser Pork Inc, Wimauma, FL
Walliser Pork Inc is a subchapter s corporation located at 10410 Walliser Rd in Wimauma, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Walliser Pork Inc in Wimauma, FL received a Paycheck Protection Loan of $25,000 through Truist Bank d/b/a Branch Banking & Trust Co, 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, Walliser Pork Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Walliser Pork Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Walliser Pork Inc in Wimauma, FL
10410 Walliser Rd
Wimauma, FL 33598
Hog and Pig Farming
NAICS code 112210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 10,861 businesses in the "Hog and Pig Farming" industry received a total of $356.88M 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 4 employees, the same amount reported by Walliser Pork Inc and received an average PPP loan of $32,859, 31% higher than this company's loan of $25,000.
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Footnotes & Information
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