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PPP Loan Data — W.W. Wallwork Inc, Fargo, ND

SBA PPP loan data, payroll data, and salaries for W.W. Wallwork Inc
ND

W.W. Wallwork Inc

Entity: Corporation

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Location: Fargo, ND

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W.W. Wallwork Inc is a corporation located at 900 35th St in Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $6,086,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.09M

Jobs Retained:

483

Loan Approved:

2020-04-06

Lender:

BELL BANK

W.W. Wallwork Inc in Fargo, ND received a Paycheck Protection Loan of $6.09M through BELL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, W.W. Wallwork Inc's total 2019 payroll expenses were approximately $29.21M in order to qualify for the PPP loan amount received.

Based on their reported 483 jobs retained, this equals an estimated average yearly compensation of $60,483 per employee1.

Because the loan received by W.W. Wallwork 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 - W.W. Wallwork Inc in Fargo, ND

W.W. Wallwork Inc
900 35th St
Fargo, ND 58102

Business Industry

Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS code 423110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ND-

Similar Companies near Fargo

In the Fargo area, 5 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 483) and received an average PPP loan of $1,239,908 (compared to this company's $6.09M).

Industry PPP Comparison Statistics

Nationwide, 4,037 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $746,857,572.00 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 15 employees, 97% lower than W.W. Wallwork Inc's reported 483 employees, and received an average PPP loan of $185,003, 97% lower than this company's loan of $6.09M.

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/ww-wallwork-inc-fargo-nd