PPP Loan Data — WMC Holdings LP, The Woodlands, TX
WMC Holdings LP is a partnership located at 25219 Kuykendahl Road Suite 290 in The Woodlands, Texas that received a Coronavirus-related PPP loan from the SBA of $4,089,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
WMC Holdings LP in The Woodlands, TX received a Paycheck Protection Loan of $4.09M through BMO Harris Bank National Association, which was approved in April, 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 July, 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, WMC Holdings LP's 2019 payroll expenses are estimated to be at least $19.63M.
Based on their reported 347 jobs retained, this equals an estimated average yearly compensation of $56,565 per employee1
Reported PPP Proceed Usage:
On the PPP application, WMC Holdings LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,089,200
Business Information - WMC Holdings LP in The Woodlands, TX
25219 Kuykendahl Road Suite 290
The Woodlands, TX 77375
Steel Wire Drawing
NAICS code 331222
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 163 businesses in the "Steel Wire Drawing" industry received a total of $61.88M 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 34 employees, 90% lower than WMC Holdings LP's reported 347 employees, and received an average PPP loan of $379,616, 91% lower than this company's loan of $4.09M.
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Footnotes & Information
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