PPP Loan Data — Wright Implement 1, LLC, Owensboro, KY
Wright Implement 1, LLC
Entity: Limited Liability Company (LLC)
Location: Owensboro, KYTweet This • Search All PPP Data
Wright Implement 1, LLC is a limited liability company (LLC) located at 3225 Carter Rd in Owensboro, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,761,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 246 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE CECILIAN BANK
Wright Implement 1, LLC received a Paycheck Protection Loan of $2.76M through THE CECILIAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wright Implement 1, LLC's total 2019 payroll expenses were approximately $13.25M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $53,875 per employee1.
Business Information - Wright Implement 1, LLC in Owensboro, KY
3225 Carter Rd
Owensboro, KY 42301
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: KY-02
Similar Companies near Owensboro
In the Owensboro area, 8 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 246) and received an average PPP loan of $378,107 (compared to this company's $2.76M).
Similar Nearby Businesses Who Received PPP Funding:
Mischel Monuments, Inc.
Trophy House Inc
Build The Moments
Maurice Pools & Spas
Industrial Marking Company Inc
Vapor 55 LLC
Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Wright Implement 1, LLC's reported 246 employees, and received an average PPP loan of $50,641, 98% lower than this company's loan of $2.76M.
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