In order to qualify for the PPP loan amount received, BW Auto Dismantlers Inc's 2019 payroll expenses are estimated to be at least $339,432. BW Auto Wrecking near moore st,long st in OH ,Carrollton.
On the PPP application, BW Auto Dismantlers Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - BW Auto Dismantlers Inc in Roseville, CAīased 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, BW Auto Dismantlers Inc's 2019 payroll expenses are estimated to be at least $355,008.īased on their reported 5 jobs retained, this equals an estimated average yearly compensation of $71,002 per employee 1 Reported PPP Proceed Usage:
Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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).
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Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. You have the possibility to contact them via: phone.
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