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

PPP Loan Data — BP's Mobile Wash Inc, Forest, VA

ALERT: There are 2 PPP loans for a total of $46,911 in our database for businesses with the name "BP's Mobile Wash Inc" in Forest, VA. 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 BP's Mobile Wash Inc
VA

BP's Mobile Wash Inc

Entity: Corporation

Industry: Janitorial Services

Location: Forest, VA

Search All PPP Data

BP's Mobile Wash Inc is a corporation located at 1859 Great Oak Rd in Forest, Virginia that received a Coronavirus-related PPP loan from the SBA of $21,617.00 in March, 2021.

The company has reported itself as a White owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #1571718708

Loan Size:

$21,617

Jobs Retained:

4

Loan Approved:

2021-03-27

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

BP's Mobile Wash Inc in Forest, VA received a Paycheck Protection Loan of $21,617 through Wells Fargo Bank, National Association, which was approved in March, 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, BP's Mobile Wash Inc's 2019 payroll expenses are estimated to be at least $103,762.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $25,941 per employee1

Reported PPP Proceed Usage:

On the PPP application, BP's Mobile Wash Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $21,617

Business Information - BP's Mobile Wash Inc in Forest, VA

BP's Mobile Wash Inc
1859 Great Oak Rd
Forest, VA 24551

Business Industry:
Janitorial Services
NAICS code 561720

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Bedford County, VA — SBA Office 0304 — Congressional District: VA-06

Similar Companies near Forest

In the Forest area, 8 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $17,390 (compared to this company's $21,617).

Industry PPP Comparison Statistics

Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 25% higher than BP's Mobile Wash Inc's reported 4 employees, and received an average PPP loan of $30,311, 40% higher than this company's loan of $21,617.

SBA PPP loan data, payroll data, and salaries for BPS Mobile Wash Inc
VA

BPS Mobile Wash Inc

Entity: Corporation

Industry: Other Gasoline Stations

Location: Forest, VA

Search All PPP Data

BPS Mobile Wash Inc is a corporation located at 1859 Great Oak Rd in Forest, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,294.00 in May, 2020.

The company has reported itself as a White owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #4222727710

Loan Size:

$25,294

Jobs Retained:

4

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

BPS Mobile Wash Inc in Forest, VA received a Paycheck Protection Loan of $25,294 through Wells Fargo Bank, National Association, which was approved in May, 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 May, 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, BPS Mobile Wash Inc's 2019 payroll expenses are estimated to be at least $121,411.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,353 per employee1

Reported PPP Proceed Usage:

On the PPP application, BPS Mobile Wash Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,294

Business Information - BPS Mobile Wash Inc in Forest, VA

BPS Mobile Wash Inc
1859 Great Oak Rd
Forest, VA 24551

Business Industry:
Other Gasoline Stations
NAICS code 447190

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Bedford County, VA — SBA Office 0304 — Congressional District: VA-06

Similar Companies near Forest

In the Forest area, 2 businesses in the "Other Gasoline Stations" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $15,697 (compared to this company's $25,294).

Similar Nearby Businesses Who Received PPP Funding:

Sneh Enterprise Inc
Evington, VA

$6,100 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,490 businesses in the "Other Gasoline Stations" industry received a total of $343.18M 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 9 employees, 125% higher than BPS Mobile Wash Inc's reported 4 employees, and received an average PPP loan of $52,878, 109% higher than this company's loan of $25,294.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bps-mobile-wash-inc-forest-va