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PPP Loan Data — West Quality Food Service Inc,
Laurel, MS
West Quality Food Service Inc
Entity: Corporation
Industry: Offices of Other Holding Companies
Location: Laurel, MS
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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
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-10Lender:
FIRST STATE BANKWest 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
Business Industry
Offices of Other Holding Companies (NAICS code 551112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MS-04Industry 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.
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.
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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