PPP Loan Data — West Quality Food Service Inc, Laurel, MS
West Quality Food Service Inc is a corporation located at 220 N 16th Ave in Laurel, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,973,318.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST STATE BANK
West Quality Food Service Inc in Laurel, MS received a Paycheck Protection Loan of $3.97M through FIRST STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, West Quality Food Service Inc's total 2019 payroll expenses were approximately $19.07M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $38,144 per employee1.
Business Information - West Quality Food Service Inc in Laurel, MS
220 N 16th Ave
Laurel, MS 39440
Offices of Other Holding Companies (NAICS code 551112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MS-04
Industry PPP Comparison Statistics
Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 97% lower than West Quality Food Service Inc's reported 500 employees, and received an average PPP loan of $160,790, 96% lower than this company's loan of $3.97M.
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Footnotes & Information
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