PPP Loan Data — Wehr Constructors, Inc, Louisville, KY
Wehr Constructors, Inc
Location: Louisville, KYTweet This • Search All PPP Data
Wehr Constructors, Inc is a corporation located at 2517 Plantside Dr in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,697,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Stock Yards Bank & Trust Company
Wehr Constructors, Inc in Louisville, KY received a Paycheck Protection Loan of $2.7M through Stock Yards Bank & Trust Company, 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, Wehr Constructors, Inc's 2019 payroll expenses are estimated to be at least $12.95M.
Based on their reported 143 jobs retained, this equals an estimated average yearly compensation of $90,539 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wehr Constructors, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,697,300
Business Information - Wehr Constructors, Inc in Louisville, KY
2517 Plantside Dr
Louisville, KY 40299
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 28 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 143) and received an average PPP loan of $581,364 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Kalson Foods, LLC
CC Hardware Consultants
Elder Construction Inc
Henson Construction LLC
Nichols Construction Co LLC
Suburban Construction Services, LLC
Buffalo Construction Inc
Eclipse Contracting, LLC
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 92% lower than Wehr Constructors, Inc's reported 143 employees, and received an average PPP loan of $157,325, 94% lower than this company's loan of $2.7M.
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