PPP Loan Data — Weisinger Materials Inc, Conroe, TX
Weisinger Materials Inc
Location: Conroe, TXTweet This • Search All PPP Data
Weisinger Materials Inc is a corporation located at 6394 Highway 105 W in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Woodforest National Bank
Weisinger Materials Inc in Conroe, TX received a Paycheck Protection Loan of $46,100 through Woodforest National Bank, 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, Weisinger Materials Inc's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Weisinger Materials Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - Weisinger Materials Inc in Conroe, TX
6394 Highway 105 W
Conroe, TX 77304
All Other Miscellaneous Wood Product Manufacturing
NAICS code 321999
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,544 businesses in the "All Other Miscellaneous Wood Product Manufacturing" industry received a total of $509.29M 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, 100% higher than Weisinger Materials Inc's reported 6 employees, and received an average PPP loan of $112,080, 143% higher than this company's loan of $46,100.
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Footnotes & Information
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