PPP Loan Data — Wesley Aron Mock LLC, Neptune Beach, FL
Wesley Aron Mock LLC is a limited liability company (LLC) located at 1602 1st Street in Neptune Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $1,600,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Wesley Aron Mock LLC in Neptune Beach, FL received a Paycheck Protection Loan of $1.6M through Cross River Bank, which was approved in June, 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, Wesley Aron Mock LLC's 2019 payroll expenses are estimated to be at least $7.68M.
Based on their reported 90 jobs retained, this equals an estimated average yearly compensation of $85,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wesley Aron Mock LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,600,000
Business Information - Wesley Aron Mock LLC in Neptune Beach, FL
1602 1st Street
Neptune Beach, FL 32266
Wet Corn Milling
NAICS code 311221
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 55 businesses in the "Wet Corn Milling" industry received a total of $11.27M 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 18 employees, 80% lower than Wesley Aron Mock LLC's reported 90 employees, and received an average PPP loan of $204,867, 87% lower than this company's loan of $1.6M.
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Footnotes & Information
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