PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — W.O.E. Construction, Inc., Grand Prairie, TX

SBA PPP loan data, payroll data, and salaries for W.O.E. Construction, Inc.
TX

W.O.E. Construction, Inc.

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Grand Prairie, TX

Search All PPP Data

W.O.E. Construction, Inc. is a corporation located at 941-b Avenue N in Grand Prairie, Texas that received a Coronavirus-related PPP loan from the SBA of $2,547,167.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

217

Loan Approved:

2020-04-14

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

W.O.E. Construction, Inc. received a Paycheck Protection Loan of $2.55M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, W.O.E. Construction, Inc.'s total 2019 payroll expenses were approximately $12.23M in order to qualify for the PPP loan amount received.

Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $56,343 per employee1.

Because the loan received by W.O.E. Construction, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - W.O.E. Construction, Inc. in Grand Prairie, TX

W.O.E. Construction, Inc.
941-b Avenue N
Grand Prairie, TX 75050

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-06

Similar Companies near Grand Prairie

In the Grand Prairie area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 217) and received an average PPP loan of $1,711,084 (compared to this company's $2.55M).

Similar Nearby Businesses Who Received PPP Funding:

Property Paving, Inc.
Grand Prairie, TX

$875,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 88% lower than W.O.E. Construction, Inc.'s reported 217 employees, and received an average PPP loan of $405,656, 84% lower than this company's loan of $2.55M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/woe-construction-inc-grand-prairie-tx