PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Wiilo Food Distributor LLC, Minneapolis, MN

ALERT: There are 2 PPP loans for a total of $14,906 in our database for businesses with the name "Wiilo Food Distributor LLC" in Minneapolis, MN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Wiilo Food Distributor LLC
MN

Wiilo Food Distributor LLC

Entity: Corporation

Industry: Full-Service Restaurants

Location: Minneapolis, MN

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Wiilo Food Distributor LLC is a corporation located at 2910 Pillsbury Ave S Ste 228 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $10,524.00 in February, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #4700438403

Loan Size:

$10,524

Jobs Retained:

4

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Wiilo Food Distributor LLC in Minneapolis, MN received a Paycheck Protection Loan of $10,524 through Wells Fargo Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Wiilo Food Distributor LLC's 2019 payroll expenses are estimated to be at least $50,515.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $12,629 per employee1

Reported PPP Proceed Usage:

On the PPP application, Wiilo Food Distributor LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,520
  • Utilities: $1

Business Information - Wiilo Food Distributor LLC in Minneapolis, MN

Wiilo Food Distributor LLC
2910 Pillsbury Ave S Ste 228
Minneapolis, MN 55408

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Hennepin County, MN — SBA Office 0508 — Congressional District: MN-05

Similar Companies near Minneapolis

In the Minneapolis area, 176 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 4) and received an average PPP loan of $156,429 (compared to this company's $10,524).

Industry PPP Comparison Statistics

Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 450% higher than Wiilo Food Distributor LLC's reported 4 employees, and received an average PPP loan of $130,209, 1137% higher than this company's loan of $10,524.

SBA PPP loan data, payroll data, and salaries for Wiilo Food Distributor LLC
MN

Wiilo Food Distributor LLC

Entity: Corporation

Industry: Theater Companies and Dinner Theaters

Location: Minneapolis, MN

Search All PPP Data

Wiilo Food Distributor LLC is a corporation located at 2910 Pillsbury Ave S Suite 228 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,382.00 in May, 2020.

The company has reported itself as a Black or african american female owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #8289127405

Loan Size:

$4,382

Jobs Retained:

2

Loan Approved:

2020-05-18

Loan Status:

Paid in Full or Forgiven

Lender:

Quontic Bank

Wiilo Food Distributor LLC in Minneapolis, MN received a Paycheck Protection Loan of $4,382 through Quontic Bank, which was approved in May, 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 August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Wiilo Food Distributor LLC's 2019 payroll expenses are estimated to be at least $21,034.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $10,517 per employee1

Reported PPP Proceed Usage:

On the PPP application, Wiilo Food Distributor LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,382

Business Information - Wiilo Food Distributor LLC in Minneapolis, MN

Wiilo Food Distributor LLC
2910 Pillsbury Ave S Suite 228
Minneapolis, MN 55408

Business Industry:
Theater Companies and Dinner Theaters
NAICS code 711110

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Hennepin County, MN — SBA Office 0508 — Congressional District: MN-05

Similar Companies near Minneapolis

In the Minneapolis area, 14 businesses in the "Theater Companies and Dinner Theaters" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $41,990 (compared to this company's $4,382).

Industry PPP Comparison Statistics

Nationwide, 6,552 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $648.75M 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 16 employees, 700% higher than Wiilo Food Distributor LLC's reported 2 employees, and received an average PPP loan of $99,016, 2160% higher than this company's loan of $4,382.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/wiilo-food-distributor-llc-minneapolis-mn