PPP Loan Data — Wonder Porcelain Group LLC, Lebanon, TN
Wonder Porcelain Group LLC
Entity: Limited Liability Company (LLC)
Location: Lebanon, TNTweet This • Search All PPP Data
Wonder Porcelain Group LLC is a limited liability company (LLC) located at 5 Wonder Ln in Lebanon, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,025,054.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Wonder Porcelain Group LLC in Lebanon, TN received a Paycheck Protection Loan of $2.03M through Bank of America, National Association, which was approved in April, 2020.
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, Wonder Porcelain Group LLC's 2019 payroll expenses are estimated to be at least $9.72M.
Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $40,001 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wonder Porcelain Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,025,054
Business Information - Wonder Porcelain Group LLC in Lebanon, TN
5 Wonder Ln
Lebanon, TN 37090
Clay Building Material and Refractories Manufacturing
NAICS code 327120
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 376 businesses in the "Clay Building Material and Refractories Manufacturing" industry received a total of $142.94M 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 33 employees, 86% lower than Wonder Porcelain Group LLC's reported 243 employees, and received an average PPP loan of $380,169, 81% lower than this company's loan of $2.03M.
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Footnotes & Information
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