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PPP Loan Data — Weissman's Theatrical Supplies, Inc., Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for Weissman's Theatrical Supplies, Inc.
MO

Weissman's Theatrical Supplies, Inc.

Entity: Subchapter S Corporation

Industry: Apparel Accessories and Other Apparel Manufacturing

Location: Saint Louis, MO

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Weissman's Theatrical Supplies, Inc. is a subchapter s corporation located at 6750 Manchester Road in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $4,843,240.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.84M

Jobs Retained:

440

Loan Approved:

2020-04-27

Lender:

FIRST BANK

Weissman's Theatrical Supplies, Inc. in Saint Louis, MO received a Paycheck Protection Loan of $4.84M through FIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Weissman's Theatrical Supplies, Inc.'s total 2019 payroll expenses were approximately $23.25M in order to qualify for the PPP loan amount received.

Based on their reported 440 jobs retained, this equals an estimated average yearly compensation of $52,835 per employee1.

Because the loan received by Weissman's Theatrical Supplies, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Weissman's Theatrical Supplies, Inc. in Saint Louis, MO

Weissman's Theatrical Supplies, Inc.
6750 Manchester Road
Saint Louis, MO 63139

Business Industry

Apparel Accessories and Other Apparel Manufacturing (NAICS code 315990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-01

Industry PPP Comparison Statistics

Nationwide, 2,456 businesses in the "Apparel Accessories and Other Apparel Manufacturing" industry received a total of $302,692,200.00 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 12 employees, 97% lower than Weissman's Theatrical Supplies, Inc.'s reported 440 employees, and received an average PPP loan of $123,246, 97% lower than this company's loan of $4.84M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/weissmans-theatrical-supplies-inc-saint-louis-mo