Dewmar International BMC Inc (DEWM)

[Stock Guy777]

$57,000 in PPP loan, however “

Dewmar International Bmc, Inc received a Paycheck Protection Loan of $57,750 through WEST TOWN BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dewmar International Bmc, Inc's total 2019 payroll expenses were approximately $277,200 in order to qualify for the PPP loan amount received.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $55,440 per employee1.

So that’s telling me there’s only one employee for him to only get 57,000 approved...?????.... no??