PPP Loan Data — Woody Weaver Pharmacy, Inc, Tyler, TX
Woody Weaver Pharmacy, Inc is a subchapter s corporation located at 2726 Gentry Pkwy in Tyler, Texas that received a Coronavirus-related PPP loan from the SBA of $46,985.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Woody Weaver Pharmacy, Inc in Tyler, TX received a Paycheck Protection Loan of $46,985 through Southside Bank, 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 February, 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, Woody Weaver Pharmacy, Inc's 2019 payroll expenses are estimated to be at least $225,528.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,191 per employee1
Reported PPP Proceed Usage:
On the PPP application, Woody Weaver Pharmacy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,985
Business Information - Woody Weaver Pharmacy, Inc in Tyler, TX
2726 Gentry Pkwy
Tyler, TX 75702
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Tyler
In the Tyler area, 14 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 8) and received an average PPP loan of $234,512 (compared to this company's $46,985).
Similar Nearby Businesses Who Received PPP Funding:
Donald J Meyers DBA Craig Pharmacy
Rose City Pharmacy, LLC
Sav-More Drug, LLC
M Chest Institutional Pharmacy Group LLC
Family First Pharmacy LP
Martin Pharmacy Investments PLLC
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 50% higher than Woody Weaver Pharmacy, Inc's reported 8 employees, and received an average PPP loan of $94,214, 101% higher than this company's loan of $46,985.
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Footnotes & Information
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