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PPP Loan Data — Waskey Holding LLC, Baton Rouge, LA

SBA PPP loan data, payroll data, and salaries for Waskey Holding LLC
LA

Waskey Holding LLC

Entity: Limited Liability Company (LLC)

Industry: Other Concrete Product Manufacturing

Location: Baton Rouge, LA

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Waskey Holding LLC is a limited liability company (LLC) located at 2651 N Flannery Road in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,644,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.64M

Jobs Retained:

166

Loan Approved:

2020-04-05

Lender:

FIRST HORIZON BANK

Waskey Holding LLC in Baton Rouge, LA received a Paycheck Protection Loan of $2.64M through FIRST HORIZON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Waskey Holding LLC's total 2019 payroll expenses were approximately $12.69M in order to qualify for the PPP loan amount received.

Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $76,470 per employee1.

Because the loan received by Waskey Holding LLC 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 - Waskey Holding LLC in Baton Rouge, LA

Waskey Holding LLC
2651 N Flannery Road
Baton Rouge, LA 70814

Business Industry

Other Concrete Product Manufacturing (NAICS code 327390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-06

Industry PPP Comparison Statistics

Nationwide, 1,005 businesses in the "Other Concrete Product Manufacturing" industry received a total of $284,964,400.00 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 22 employees, 87% lower than Waskey Holding LLC's reported 166 employees, and received an average PPP loan of $283,547, 89% lower than this company's loan of $2.64M.

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/waskey-holding-llc-baton-rouge-la