PPP Loan Data — WSS Global Inc, Eugene, OR
WSS Global Inc is a corporation located at 830 Wilson St in Eugene, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,755,130.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
WSS Global Inc in Eugene, OR received a Paycheck Protection Loan of $1.76M through The Huntington National 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 January, 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, WSS Global Inc's 2019 payroll expenses are estimated to be at least $8.42M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $54,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, WSS Global Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,755,130
Business Information - WSS Global Inc in Eugene, OR
830 Wilson St
Eugene, OR 97402
Textile Bag and Canvas Mills
NAICS code 314910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 961 businesses in the "Textile Bag and Canvas Mills" industry received a total of $126M 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 15 employees, 90% lower than WSS Global Inc's reported 155 employees, and received an average PPP loan of $131,115, 93% lower than this company's loan of $1.76M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!