PPP Loan Data — Wesley Hall, Inc, Conover, NC
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
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
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.
Business Information - Wesley Hall, Inc in Conover, NC
141 Fairgrove Church Road Se
Conover, NC 28613
Upholstered Household Furniture Manufacturing (NAICS code 337121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Classic Leather Inc.
Vanguard Furniture Co., Inc.
DAL Leather, Inc.
Timmerman Manufacturing Inc
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.
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