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PPP Loan Data — Brook Valley Thrift Stores Inc,
Birmingham, 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 #1793847308
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Synovus BankBrook Valley Thrift Stores Inc in Birmingham, AL received a Paycheck Protection Loan of $3.83M through Synovus 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 October, 2022.
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 MoreUnderstanding 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 MoreBased 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, Brook Valley Thrift Stores Inc's 2019 payroll expenses are estimated to be at least $18.37M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $36,730 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brook Valley Thrift Stores Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,826,080
Business Information - Brook Valley Thrift Stores Inc in Birmingham, AL
4880 Valleydale Rd
Birmingham, AL 35242
Business Industry:
Used Merchandise Stores
NAICS code 453310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Brook Valley Thrift Stores Inc.
Sam-Tay Enterprises
Family Clothing Stores
Sam-Tay Enterprises Inc
Family Clothing Stores
Brook Valley Management, Inc
All Other Miscellaneous Store Retailers (except Tobacco Stores)
Brook Valley Salvage Inc
Used Merchandise Stores
Similar Companies near Birmingham
In the Birmingham area, 8 businesses in the "Used Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 500) and received an average PPP loan of $712,378 (compared to this company's $3.83M).
Similar Nearby Businesses Who Received PPP Funding:
Robert E Barr
Birmingham, AL
Brook Valley Salvage Inc
Birmingham, AL
Peddling Post, LLC
Vestavia, AL
The Mercantile By Miller, LLC
Birmingham, AL
United Thrift Management Inc
Birmingham, AL
Sager & Sager DBA Th
Vestavia, AL
Sager & Sager
Vestavia, AL
Industry PPP Comparison Statistics
Nationwide, 12,152 businesses in the "Used Merchandise Stores" industry received a total of $577.33M 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 8 employees, 98% lower than Brook Valley Thrift Stores Inc's reported 500 employees, and received an average PPP loan of $47,509, 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, 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.
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.
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