PPP Loan Data — Wellsville Carpet Town, Inc., Westons Mills, NY
Wellsville Carpet Town, Inc. is a corporation located at 1429 Olean Portville Road in Westons Mills, New York that received a Coronavirus-related PPP loan from the SBA of $4,537,540.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITY BANK, NATIONAL ASSOCIATION
Wellsville Carpet Town, Inc. received a Paycheck Protection Loan of $4.54M through COMMUNITY BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wellsville Carpet Town, Inc.'s total 2019 payroll expenses were approximately $21.78M in order to qualify for the PPP loan amount received.
Based on their reported 475 jobs retained, this equals an estimated average yearly compensation of $45,853 per employee1.
Business Information - Wellsville Carpet Town, Inc. in Westons Mills, NY
1429 Olean Portville Road
Westons Mills, NY 14788
Furniture Stores (NAICS code 442110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-23
Industry PPP Comparison Statistics
Nationwide, 10,527 businesses in the "Furniture Stores" industry received a total of $1,068,363,849.00 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 10 employees, 98% lower than Wellsville Carpet Town, Inc.'s reported 475 employees, and received an average PPP loan of $101,488, 98% lower than this company's loan of $4.54M.
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Footnotes & Information
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