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PPP Loan Data — Wrist North America Inc, Pasadena, TX

SBA PPP loan data, payroll data, and salaries for Wrist North America Inc
TX

Wrist North America Inc

Entity: Corporation

Industry: Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers

Location: Pasadena, TX

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Wrist North America Inc is a corporation located at 1485 E Sam Houston Pkwy S Ste 100 in Pasadena, Texas that received a Coronavirus-related PPP loan from the SBA of $4,300,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.3M

Jobs Retained:

338

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Wrist North America Inc in Pasadena, TX received a Paycheck Protection Loan of $4.3M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Wrist North America Inc's total 2019 payroll expenses were approximately $20.64M in order to qualify for the PPP loan amount received.

Based on their reported 338 jobs retained, this equals an estimated average yearly compensation of $61,065 per employee1.

Because the loan received by Wrist North America Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Wrist North America Inc in Pasadena, TX

Wrist North America Inc
1485 E Sam Houston Pkwy S Ste 100
Pasadena, TX 77503

Business Industry

Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers (NAICS code 423860)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-29

Industry PPP Comparison Statistics

Nationwide, 2,260 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a total of $288,357,851.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 97% lower than Wrist North America Inc's reported 338 employees, and received an average PPP loan of $127,592, 97% lower than this company's loan of $4.3M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wrist-north-america-inc-pasadena-tx