PPP Loan Data — WCB And Associates Inc, Greensboro, NC
WCB And Associates Inc is a corporation located at 8 Wendy Ct Suite B in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Oak Ridge
WCB And Associates Inc in Greensboro, NC received a Paycheck Protection Loan of $25,500 through Bank of Oak Ridge, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, WCB And Associates Inc's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, WCB And Associates Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - WCB And Associates Inc in Greensboro, NC
8 Wendy Ct Suite B
Greensboro, NC 27409
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greensboro
In the Greensboro area, 13 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 2) and received an average PPP loan of $253,634 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Macro Integration Services Inc
Faber & Company
Faber And Company
It Worx Inc
I.t. Worx Retail
WCB & Associates Inc
Industry PPP Comparison Statistics
Nationwide, 25,371 businesses in the "Other Computer Related Services" industry received a total of $3.1B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 300% higher than WCB And Associates Inc's reported 2 employees, and received an average PPP loan of $122,066, 379% higher than this company's loan of $25,500.
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Footnotes & Information
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