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PPP Loan Data — Williams Bros. Health Care Pharmacy, Inc.,
Washington, IN
Williams Bros. Health Care Pharmacy, Inc.
Entity: Subchapter S Corporation
Industry: Pharmacies and Drug Stores
Location: Washington, IN
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Williams Bros. Health Care Pharmacy, Inc. is a subchapter s corporation located at 10 Williams Brothers Drive in Washington, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
489Loan Approved:
2020-04-30Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONWilliams Bros. Health Care Pharmacy, Inc. received a Paycheck Protection Loan of $3M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Williams Bros. Health Care Pharmacy, Inc.'s total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $29,448 per employee1.
Business Information - Williams Bros. Health Care Pharmacy, Inc. in Washington, IN
10 Williams Brothers Drive
Washington, IN 47501
Business Industry
Pharmacies and Drug Stores (NAICS code 446110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IN-08Industry PPP Comparison Statistics
Nationwide, 14,099 businesses in the "Pharmacies and Drug Stores" industry received a total of $1,400,178,844.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 98% lower than Williams Bros. Health Care Pharmacy, Inc.'s reported 489 employees, and received an average PPP loan of $99,311, 97% lower than this company's loan of $3M.
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.
Footnotes & Information
1. 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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