PPP Loan Data — Weaver Auto Parts Of New Glarus, Inc, Prairie Du Sac, WI
Weaver Auto Parts Of New Glarus, Inc is a corporation located at 1303 Hwy 69 in Prairie Du Sac, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White male veteran owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
Weaver Auto Parts Of New Glarus, Inc in Prairie Du Sac, WI received a Paycheck Protection Loan of $25,200 through BMO Harris Bank National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, Weaver Auto Parts Of New Glarus, Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Weaver Auto Parts Of New Glarus, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Weaver Auto Parts Of New Glarus, Inc in Prairie Du Sac, WI
1303 Hwy 69
Prairie Du Sac, WI 53578
Automotive Parts and Accessories Stores
NAICS code 441310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 17,983 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $1.2B 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, 11% lower than Weaver Auto Parts Of New Glarus, Inc's reported 9 employees, and received an average PPP loan of $66,454, 164% higher than this company's loan of $25,200.
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Footnotes & Information
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