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PPP Loan Data — Walpole, Inc, Okeechobee, FL

SBA PPP loan data, payroll data, and salaries for Walpole, Inc
FL

Walpole, Inc

Entity: Corporation

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Okeechobee, FL

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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

Loan Size:

$4.18M

Jobs Retained:

362

Loan Approved:

2020-06-15

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.

Because the loan received by Walpole, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Walpole, Inc in Okeechobee, FL

Walpole, Inc
269 Nw 9th St
Okeechobee, FL 34972

Business Industry

General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.
Okeechobee, FL

$146,100 PPP Loan

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.

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.

Search FederalPay's Full PPP Loan Database

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/walpole-inc-okeechobee-fl