PPP Loan Data — Walpole, Inc, Okeechobee, FL
Location: Okeechobee, FLTweet This • Search All PPP Data
Walpole, Inc is a corporation located at 269 Nw 9th St in Okeechobee, Florida that received a Coronavirus-related PPP loan from the SBA of $4,180,902.00 in June, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Walpole, Inc received a Paycheck Protection Loan of $4.18M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in June, 2020.
Based on standard PPP eligibility rules, Walpole, Inc's total 2019 payroll expenses were approximately $20.07M in order to qualify for the PPP loan amount received.
Based on their reported 362 jobs retained, this equals an estimated average yearly compensation of $55,437 per employee1.
Business Information - Walpole, Inc in Okeechobee, FL
269 Nw 9th St
Okeechobee, FL 34972
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-17
Similar Companies near Okeechobee
In the Okeechobee area, 2 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 190 employees (compared to this company's 362) and received an average PPP loan of $2,163,501 (compared to this company's $4.18M).
Similar Nearby Businesses Who Received PPP Funding:
Wayne Carr Trucking Inc.
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Walpole, Inc's reported 362 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $4.18M.
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Footnotes & Information
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