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PPP Loan Data — Brook Valley Thrift Stores Inc, Birmingham, AL

SBA PPP loan data, payroll data, and salaries for Brook Valley Thrift Stores Inc
AL

Brook Valley Thrift Stores Inc

Entity: Subchapter S Corporation

Industry: Used Merchandise Stores

Location: Birmingham, AL

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Brook Valley Thrift Stores Inc is a subchapter s corporation located at 4880 Valleydale Rd in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,826,080.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.83M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

SYNOVUS BANK

Brook Valley Thrift Stores Inc in Birmingham, AL received a Paycheck Protection Loan of $3.83M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Brook Valley Thrift Stores Inc's total 2019 payroll expenses were approximately $18.37M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $36,730 per employee1.

Because the loan received by Brook Valley Thrift Stores Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Brook Valley Thrift Stores Inc in Birmingham, AL

Brook Valley Thrift Stores Inc
4880 Valleydale Rd
Birmingham, AL 35242

Business Industry

Used Merchandise Stores (NAICS code 453310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-06

Similar Companies near Birmingham

In the Birmingham area, 7 businesses in the "Used Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 142 employees (compared to this company's 500) and received an average PPP loan of $812,349 (compared to this company's $3.83M).

Industry PPP Comparison Statistics

Nationwide, 6,294 businesses in the "Used Merchandise Stores" industry received a total of $339,583,064.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than Brook Valley Thrift Stores Inc's reported 500 employees, and received an average PPP loan of $53,953, 99% lower than this company's loan of $3.83M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/brook-valley-thrift-stores-inc-birmingham-al