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PPP Loan Data — Wanco Inc, Arvada, CO

SBA PPP loan data, payroll data, and salaries for Wanco Inc
CO

Wanco Inc

Entity: Subchapter S Corporation

Industry: Sign Manufacturing

Location: Arvada, CO

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Wanco Inc is a subchapter s corporation located at 5870 Tennyson St in Arvada, Colorado that received a Coronavirus-related PPP loan from the SBA of $4,099,945.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.1M

Jobs Retained:

248

Loan Approved:

2020-04-28

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Wanco Inc in Arvada, CO received a Paycheck Protection Loan of $4.1M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wanco Inc's total 2019 payroll expenses were approximately $19.68M in order to qualify for the PPP loan amount received.

Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $79,354 per employee1.

Because the loan received by Wanco 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 - Wanco Inc in Arvada, CO

Wanco Inc
5870 Tennyson St
Arvada, CO 80003

Business Industry

Sign Manufacturing (NAICS code 339950)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-07

Similar Companies near Arvada

In the Arvada area, 5 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 248) and received an average PPP loan of $856,369 (compared to this company's $4.1M).

Industry PPP Comparison Statistics

Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 96% lower than Wanco Inc's reported 248 employees, and received an average PPP loan of $118,017, 97% lower than this company's loan of $4.1M.

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, and is published unmodified, as provided by the SBA.

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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/wanco-inc-arvada-co