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PPP Loan Data — Wesley Hall, Inc, Conover, NC

SBA PPP loan data, payroll data, and salaries for Wesley Hall, Inc

Wesley Hall, Inc

Entity: Corporation

Industry: Upholstered Household Furniture Manufacturing

Location: Conover, NC

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Wesley Hall, Inc is a corporation located at 141 Fairgrove Church Road Se in Conover, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,494,889.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Wesley Hall, Inc received a Paycheck Protection Loan of $2.49M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wesley Hall, Inc's total 2019 payroll expenses were approximately $11.98M in order to qualify for the PPP loan amount received.

Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $52,524 per employee1.

Because the loan received by Wesley Hall, 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 - Wesley Hall, Inc in Conover, NC

Wesley Hall, Inc
141 Fairgrove Church Road Se
Conover, NC 28613

Business Industry

Upholstered Household Furniture Manufacturing (NAICS code 337121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-10

Similar Companies near Conover

In the Conover area, 5 businesses in the "Upholstered Household Furniture Manufacturing" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 228) and received an average PPP loan of $1,835,033 (compared to this company's $2.49M).

Industry PPP Comparison Statistics

Nationwide, 827 businesses in the "Upholstered Household Furniture Manufacturing" industry received a total of $218,176,953.00 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 25 employees, 89% lower than Wesley Hall, Inc's reported 228 employees, and received an average PPP loan of $263,817, 89% lower than this company's loan of $2.49M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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 - The Civil Employee's Resource **