PPP Loan Data — Brewers Flooring & Sales Inc, Valley Park, MO
Brewers Flooring & Sales Inc is a corporation located at 6 Meramec Valley Plaza in Valley Park, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,775.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Brewers Flooring & Sales Inc in Valley Park, MO received a Paycheck Protection Loan of $46,775 through First Bank, 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 April, 2021.
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, Brewers Flooring & Sales Inc's 2019 payroll expenses are estimated to be at least $224,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,130 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brewers Flooring & Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,775
Business Information - Brewers Flooring & Sales Inc in Valley Park, MO
6 Meramec Valley Plaza
Valley Park, MO 63088
Floor Covering Stores
NAICS code 442210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valley Park
In the Valley Park area, 2 businesses in the "Floor Covering Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $51,288 (compared to this company's $46,775).
Similar Nearby Businesses Who Received PPP Funding:
Straatmann's Carpet Service, Inc
Villa Ridge, MO
Industry PPP Comparison Statistics
Nationwide, 8,871 businesses in the "Floor Covering Stores" industry received a total of $765.8M 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 Brewers Flooring & Sales Inc's reported 4 employees, and received an average PPP loan of $86,327, 85% higher than this company's loan of $46,775.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!