PPP Loan Data — Wilhoit Properties Inc, Springfield, MO
Wilhoit Properties Inc is a corporation located at 1329 E Lark St in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $4,433,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Wilhoit Properties Inc in Springfield, MO received a Paycheck Protection Loan of $4.43M through OakStar Bank, 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, Wilhoit Properties Inc's 2019 payroll expenses are estimated to be at least $21.28M.
Based on their reported 493 jobs retained, this equals an estimated average yearly compensation of $43,162 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wilhoit Properties Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,433,100
Business Information - Wilhoit Properties Inc in Springfield, MO
1329 E Lark St
Springfield, MO 65804
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Springfield
In the Springfield area, 22 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 493) and received an average PPP loan of $237,073 (compared to this company's $4.43M).
Similar Nearby Businesses Who Received PPP Funding:
The Mid-West Transfer
Prosperiti Properties LLC
Real Estate Opportunties LLC
Birmingham & Associates, LLC
G & J Properties Management, LLC
Randall Gear Property Management, LLC
Fidelity Property Management, LLC
Industry PPP Comparison Statistics
Nationwide, 30,415 businesses in the "Residential Property Managers" industry received a total of $2.89B 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, 98% lower than Wilhoit Properties Inc's reported 493 employees, and received an average PPP loan of $95,129, 98% lower than this company's loan of $4.43M.
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Footnotes & Information
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