PPP Loan Data — Wright Of Thomasville, Inc, Thomasville, NC
Wright Of Thomasville, Inc is an employee stock ownership plan(esop) located at 5115 Prospect St in Thomasville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,195,867.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Wright Of Thomasville, Inc in Thomasville, NC received a Paycheck Protection Loan of $2.2M through Pinnacle Bank, 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, Wright Of Thomasville, Inc's 2019 payroll expenses are estimated to be at least $10.54M.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $51,922 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wright Of Thomasville, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,195,867
Business Information - Wright Of Thomasville, Inc in Thomasville, NC
5115 Prospect St
Thomasville, NC 27360
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Thomasville
In the Thomasville area, 2 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 104 employees (compared to this company's 203) and received an average PPP loan of $1,103,000 (compared to this company's $2.2M).
Similar Nearby Businesses Who Received PPP Funding:
Instant Copies Of Thomasville LLC
Industry PPP Comparison Statistics
Nationwide, 23,988 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B 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, 94% lower than Wright Of Thomasville, Inc's reported 203 employees, and received an average PPP loan of $128,160, 94% lower than this company's loan of $2.2M.
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Footnotes & Information
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