PPP Loan Data — Wipernet LLC, Hialeah, FL
Wipernet LLC is a limited liability company (LLC) located at 7900 Oak Lane 400 in Hialeah, Florida that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Wipernet LLC in Hialeah, FL received a Paycheck Protection Loan of $46,000 through Citibank, N.A., 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 May, 2021.
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, Wipernet LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wipernet LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Wipernet LLC in Hialeah, FL
7900 Oak Lane 400
Hialeah, FL 33016
NAICS code 999990
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hialeah
In the Hialeah area, 52 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $23,555 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Sculptural Body Inc
Tempo Financial Services, Inc
Miami Lakes, FL
Neurotronix Imaging Solutions
RSE Facility Services LLC
PM Quality Services Corp
TRL Professional Services, Inc
YUN Ji Inc
PSL Associates Corp
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 233% higher than Wipernet LLC's reported 3 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $46,000.
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Footnotes & Information
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