PPP Loan Data — Wyatt L Waters, Clinton, MS
Wyatt L Waters is a sole proprietorship located in Clinton, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,281.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Yazoo City
Wyatt L Waters in Clinton, MS received a Paycheck Protection Loan of $25,281 through Bank of Yazoo City, 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 February, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Wyatt L Waters reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,281
Business Information - Wyatt L Waters in Clinton, MS
* Full address is redacted to protect the privacy of individuals.
NAICS code 453920
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,817 businesses in the "Art Dealers" industry received a total of $275.42M 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 4 employees, 300% higher than Wyatt L Waters' reported 1 employees, and received an average PPP loan of $40,402, 60% higher than this company's loan of $25,281.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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