PPP Loan Data — Western 389, LLC, Georgetown, TX
Western 389, LLC is a limited liability company (LLC) located at Industrial Park Cir in Georgetown, Texas that received a Coronavirus-related PPP loan from the SBA of $25,125.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:SouthStar Bank, S.S.B.
Western 389, LLC in Georgetown, TX received a Paycheck Protection Loan of $25,125 through SouthStar Bank, S.S.B., which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 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, Western 389, LLC's 2019 payroll expenses are estimated to be at least $120,600.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,060 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western 389, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,125
Business Information - Western 389, LLC in Georgetown, TX
Industrial Park Cir
Georgetown, TX 78626
Fabricated Pipe and Pipe Fitting Manufacturing
NAICS code 332996
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 815 businesses in the "Fabricated Pipe and Pipe Fitting Manufacturing" industry received a total of $326.31M 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 31 employees, 210% higher than Western 389, LLC's reported 10 employees, and received an average PPP loan of $400,386, 1494% higher than this company's loan of $25,125.
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Footnotes & Information
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