PPP Loan Data — William Winston Butler, Sweetwater, TX
William Winston Butler is a sole proprietorship located at 462 Po Box in Sweetwater, Texas that received a Coronavirus-related PPP loan from the SBA of $46,340.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Financial Bank, National Association
William Winston Butler in Sweetwater, TX received a Paycheck Protection Loan of $46,340 through First Financial 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, William Winston Butler's 2019 payroll expenses are estimated to be at least $222,432.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,829 per employee1
Reported PPP Proceed Usage:
On the PPP application, William Winston Butler reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,755
- Utilities: $11,585
Business Information - William Winston Butler in Sweetwater, TX
462 Po Box
Sweetwater, TX 79556
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Sweetwater
In the Sweetwater area, 4 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 15) and received an average PPP loan of $70,355 (compared to this company's $46,340).
Similar Nearby Businesses Who Received PPP Funding:
Lindley Ray Smith
S.l. Holcomb Inc
Maria Esbeida Rodriguez-Arce
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 40% higher than William Winston Butler's reported 15 employees, and received an average PPP loan of $100,980, 118% higher than this company's loan of $46,340.
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Footnotes & Information
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