PPP Loan Data — WET Willie's Sprinkler Repair LLC, Caddo Mills, TX
WET Willie's Sprinkler Repair LLC is a limited liability company (LLC) located at 811 County Road 2733 in Caddo Mills, Texas that received a Coronavirus-related PPP loan from the SBA of $25,282.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
WET Willie's Sprinkler Repair LLC in Caddo Mills, TX received a Paycheck Protection Loan of $25,282 through Quontic Bank, which was approved in June, 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, WET Willie's Sprinkler Repair LLC's 2019 payroll expenses are estimated to be at least $121,354.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,339 per employee1
Reported PPP Proceed Usage:
On the PPP application, WET Willie's Sprinkler Repair LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,282
Business Information - WET Willie's Sprinkler Repair LLC in Caddo Mills, TX
811 County Road 2733
Caddo Mills, TX 75135
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Caddo Mills
In the Caddo Mills area, 28 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $19,451 (compared to this company's $25,282).
Similar Nearby Businesses Who Received PPP Funding:
Caddo Mills, TX
Milliken Enterprises Inc DBA First Response Lawn Care
Caddo Mills, TX
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than WET Willie's Sprinkler Repair LLC's reported 4 employees, and received an average PPP loan of $43,486, 72% higher than this company's loan of $25,282.
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Footnotes & Information
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