PPP Loan Data — Wichard Inc, Charlotte, NC
Location: Charlotte, NCTweet This • Search All PPP Data
Wichard Inc is a corporation located at 3901 Pine Grove Cir in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Wichard Inc in Charlotte, NC received a Paycheck Protection Loan of $25,500 through PNC Bank, National Association, which was approved in April, 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, Wichard Inc's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wichard Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Wichard Inc in Charlotte, NC
3901 Pine Grove Cir
Charlotte, NC 28206
Sporting and Recreational Goods and Supplies Merchant Wholesalers
NAICS code 423910
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 3 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $31,567 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Kemp USA LLC
Golfcraft Company Inc
Industry PPP Comparison Statistics
Nationwide, 6,584 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a total of $632.92M 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, 150% higher than Wichard Inc's reported 4 employees, and received an average PPP loan of $96,130, 277% higher than this company's loan of $25,500.
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