PPP Loan Data — Wayne Provision Co., Inc., Vernon, CA
Wayne Provision Co., Inc. is a corporation located at 5030 Gifford Avenue in Vernon, California that received a Coronavirus-related PPP loan from the SBA of $2,524,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 195 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MUFG UNION BANK, NATIONAL ASSOCIATION
Wayne Provision Co., Inc. received a Paycheck Protection Loan of $2.52M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wayne Provision Co., Inc.'s total 2019 payroll expenses were approximately $12.12M in order to qualify for the PPP loan amount received.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $62,142 per employee1.
Business Information - Wayne Provision Co., Inc. in Vernon, CA
5030 Gifford Avenue
Vernon, CA 90058
Meat and Meat Product Merchant Wholesalers (NAICS code 424470)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CA-40
Similar Companies near Vernon
In the Vernon area, 14 businesses in the "Meat and Meat Product Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 195) and received an average PPP loan of $969,161 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
Monarch Trading, LLC
King Meat Service Inc
The 29Ers Provisions
Los Angeles, CA
Golden West Food Group, Inc.
Hana Meat Processing Company, LLC
Macsei Industries Corporation
Los Angeles, CA
MJ Global Enterprise, Inc.
Pontrelli & Laricchia LLC
Industry PPP Comparison Statistics
Nationwide, 1,286 businesses in the "Meat and Meat Product Merchant Wholesalers" industry received a total of $249,094,470.00 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 17 employees, 91% lower than Wayne Provision Co., Inc.'s reported 195 employees, and received an average PPP loan of $193,697, 92% lower than this company's loan of $2.52M.
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