PPP Loan Data — Wright Signs Inc, Ogden, UT
Wright Signs Inc is a corporation located at 145 W 14th St in Ogden, Utah that received a Coronavirus-related PPP loan from the SBA of $25,162.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Wright Signs Inc in Ogden, UT received a Paycheck Protection Loan of $25,162 through JPMorgan Chase Bank, National Association, which was approved in May, 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 Signs Inc's 2019 payroll expenses are estimated to be at least $120,778.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,259 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wright Signs Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,162
Business Information - Wright Signs Inc in Ogden, UT
145 W 14th St
Ogden, UT 84404
Commercial Screen Printing
NAICS code 323113
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Ogden
In the Ogden area, 3 businesses in the "Commercial Screen Printing" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $30,976 (compared to this company's $25,162).
Similar Nearby Businesses Who Received PPP Funding:
Lost In Stitches Inc
Dingman Professional Printing LLC
Industry PPP Comparison Statistics
Nationwide, 10,551 businesses in the "Commercial Screen Printing" industry received a total of $660.61M 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 8 employees, 167% higher than Wright Signs Inc's reported 3 employees, and received an average PPP loan of $62,611, 149% higher than this company's loan of $25,162.
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