PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — WWC Spirits LLC, Norman, OK

ALERT: There are 2 PPP loans for a total of $4M in our database for businesses with the name "WWC Spirits LLC" in Norman, OK. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for WWC Spirits LLC
OK

WWC Spirits LLC

Entity: Limited Liability Company (LLC)

Industry: Drinking Places (Alcoholic Beverages)

Location: Norman, OK

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WWC Spirits LLC is a limited liability company (LLC) located at 2815 Se 44th St in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #1762078502

Loan Size:

$2M

Jobs Retained:

300

Loan Approved:

2021-02-19

Loan Status:

Ongoing Loan

Lender:

CrossFirst Bank

WWC Spirits LLC in Norman, OK received a Paycheck Protection Loan of $2M through CrossFirst Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, WWC Spirits LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $32,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, WWC Spirits LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by WWC Spirits LLC 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 - WWC Spirits LLC in Norman, OK

WWC Spirits LLC
2815 Se 44th St
Norman, OK 73072

Business Industry:
Drinking Places (Alcoholic Beverages)
NAICS code 722410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Cleveland County, OK — SBA Office 0680 — Congressional District: OK-04

Similar Companies near Norman

In the Norman area, 5 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 300) and received an average PPP loan of $731,547 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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, 96% lower than WWC Spirits LLC's reported 300 employees, and received an average PPP loan of $59,863, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for WWC Spirits LLC
OK

WWC Spirits LLC

Entity: Limited Liability Company (LLC)

Industry: Beer and Ale Merchant Wholesalers

Location: Norman, OK

Search All PPP Data

WWC Spirits LLC is a limited liability company (LLC) located at 2815 Se 44th St. in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,001,500.00 in April, 2020.

$ PPP Loan Information
Loan #7061817007

Loan Size:

$2M

Jobs Retained:

361

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

CrossFirst Bank

WWC Spirits LLC in Norman, OK received a Paycheck Protection Loan of $2M through CrossFirst 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 June, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, WWC Spirits LLC's 2019 payroll expenses are estimated to be at least $9.61M.

Based on their reported 361 jobs retained, this equals an estimated average yearly compensation of $26,613 per employee1

Reported PPP Proceed Usage:

On the PPP application, WWC Spirits LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,001,500
Because the loan received by WWC Spirits LLC 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 - WWC Spirits LLC in Norman, OK

WWC Spirits LLC
2815 Se 44th St.
Norman, OK 73072

Business Industry:
Beer and Ale Merchant Wholesalers
NAICS code 424810

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Cleveland County, OK — SBA Office 0680 — Congressional District: OK-04

Industry PPP Comparison Statistics

Nationwide, 1,380 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $608.99M 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 40 employees, 89% lower than WWC Spirits LLC's reported 361 employees, and received an average PPP loan of $441,295, 78% lower than this company's loan of $2M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/wwc-spirits-llc-norman-ok