PPP Loan Data — Bob's Red Fox, Inc, Pleasant Hill, IL
Bob's Red Fox, Inc
Entity: Subchapter S Corporation
Location: Pleasant Hill, ILTweet This • Search All PPP Data
Bob's Red Fox, Inc is a subchapter s corporation located at 202 Sixth St in Pleasant Hill, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central State Bank
Bob's Red Fox, Inc in Pleasant Hill, IL received a Paycheck Protection Loan of $25,300 through Central State Bank, which was approved in April, 2020.
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
Understanding Payroll Estimates Based On PPP Amount
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, Bob's Red Fox, Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,288 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bob's Red Fox, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Bob's Red Fox, Inc in Pleasant Hill, IL
202 Sixth St
Pleasant Hill, IL 62366
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 25,599 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.27B 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 18 employees, 260% higher than Bob's Red Fox, Inc's reported 5 employees, and received an average PPP loan of $88,740, 251% higher than this company's loan of $25,300.
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Footnotes & Information
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