PPP Loan Data — Wiremasters, Inc, Columbia, TN
Entity: Subchapter S Corporation
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Columbia, TNTweet This • Search All PPP Data
Wiremasters, Inc is a subchapter s corporation located at 1788 Northpointe Road in Columbia, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,718,270.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Wiremasters, Inc in Columbia, TN received a Paycheck Protection Loan of $2.72M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wiremasters, Inc's total 2019 payroll expenses were approximately $13.05M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $59,308 per employee1.
Business Information - Wiremasters, Inc in Columbia, TN
1788 Northpointe Road
Columbia, TN 38401
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-07
Industry PPP Comparison Statistics
Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 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 15 employees, 93% lower than Wiremasters, Inc's reported 220 employees, and received an average PPP loan of $230,211, 92% lower than this company's loan of $2.72M.
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