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PPP Loan Data — Wesco Turf, Inc., Sarasota, FL

SBA PPP loan data, payroll data, and salaries for Wesco Turf, Inc.
FL

Wesco Turf, Inc.

Entity: Subchapter S Corporation

Industry: Landscaping Services

Location: Sarasota, FL

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Wesco Turf, Inc. is a subchapter s corporation located at 2101 Cantu Ct in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $2,455,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

151

Loan Approved:

2020-04-09

Lender:

FIRST HOME BANK

Wesco Turf, Inc. in Sarasota, FL received a Paycheck Protection Loan of $2.46M through FIRST HOME BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wesco Turf, Inc.'s total 2019 payroll expenses were approximately $11.79M in order to qualify for the PPP loan amount received.

Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $78,062 per employee1.

Because the loan received by Wesco Turf, 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 - Wesco Turf, Inc. in Sarasota, FL

Wesco Turf, Inc.
2101 Cantu Ct
Sarasota, FL 34232

Business Industry

Landscaping Services (NAICS code 561730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-16

Similar Companies near Sarasota

In the Sarasota area, 35 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 151) and received an average PPP loan of $128,041 (compared to this company's $2.46M).

Industry PPP Comparison Statistics

Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 94% lower than Wesco Turf, Inc.'s reported 151 employees, and received an average PPP loan of $75,301, 97% lower than this company's loan of $2.46M.

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.

Search FederalPay's Full PPP Loan Database

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/wesco-turf-inc-sarasota-fl