PPP Loan Data — Weisgram Metal Fab Inc., West Fargo, ND
Weisgram Metal Fab Inc.
Location: West Fargo, NDTweet This • Search All PPP Data
Weisgram Metal Fab Inc. is a corporation located at 822 5th St Ne in West Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $2,465,325.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 215 people during the applicable loan loan period.
$ PPP Loan Information
Weisgram Metal Fab Inc. in West Fargo, ND received a Paycheck Protection Loan of $2.47M through VISIONBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Weisgram Metal Fab Inc.'s total 2019 payroll expenses were approximately $11.83M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $55,040 per employee1.
Business Information - Weisgram Metal Fab Inc. in West Fargo, ND
822 5th St Ne
West Fargo, ND 58078
All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS code 332999)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: ND-
Similar Companies near West Fargo
In the West Fargo area, 2 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 215) and received an average PPP loan of $1,344,863 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Red River Fabricating, Inc.
West Fargo, ND
Industry PPP Comparison Statistics
Nationwide, 4,328 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1,219,008,137.00 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, 90% lower than Weisgram Metal Fab Inc.'s reported 215 employees, and received an average PPP loan of $281,656, 89% lower than this company's loan of $2.47M.
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.
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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