PPP Loan Data — Brook Valley Thrift Stores Inc, Birmingham, AL
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
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.
Business Information - Brook Valley Thrift Stores Inc in Birmingham, AL
4880 Valleydale Rd
Birmingham, AL 35242
Used Merchandise Stores (NAICS code 453310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
The Mercantile By Miller, LLC
Brook Valley Salvage Inc
United Thrift Management Inc
Peddling Post, LLC
Robert E Barr
Sager & Sager
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.
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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