PPP Loan Data — Western Connection LLC, Climax, NC
Western Connection LLC is a limited liability company (LLC) located at 6313 Indian Hills Ln in Climax, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Western Connection LLC in Climax, NC received a Paycheck Protection Loan of $25,500 through PNC Bank, National Association, which was approved in May, 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 Connection LLC's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western Connection LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Western Connection LLC in Climax, NC
6313 Indian Hills Ln
Climax, NC 27233
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 233% higher than Western Connection LLC's reported 3 employees, and received an average PPP loan of $42,878, 68% higher than this company's loan of $25,500.
FederalPay's PPP Information Policy
Footnotes & Information
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