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

PPP Loan Data — D & F Equipment Sales Inc, Crossville, AL

ALERT: There are 2 PPP loans for a total of $4.5M in our database for businesses with the name "D & F Equipment Sales Inc" in Crossville, AL. 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 D & F Equipment Sales Inc
AL

D & F Equipment Sales Inc

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: Crossville, AL

Search All PPP Data

D & F Equipment Sales Inc is a limited liability company (LLC) located at 8641 Highway 227 in Crossville, Alabama that received a Coronavirus-related PPP loan from the SBA of $1,182,670.00 in February, 2021.

The company has reported itself as an American indian or alaska native female owned business, and employed at least 234 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3492898510

Loan Size:

$1.18M

Jobs Retained:

234

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

Regions Bank

D & F Equipment Sales Inc in Crossville, AL received a Paycheck Protection Loan of $1.18M through Regions Bank, which was approved in February, 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, D & F Equipment Sales Inc's 2019 payroll expenses are estimated to be at least $5.68M.

Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $24,260 per employee1

Reported PPP Proceed Usage:

On the PPP application, D & F Equipment Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,182,670

Business Information - D & F Equipment Sales Inc in Crossville, AL

D & F Equipment Sales Inc
8641 Highway 227
Crossville, AL 35962

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

De Kalb County, AL — SBA Office 0459 — Congressional District: AL-04

Similar Companies near Crossville

In the Crossville area, 5 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 234) and received an average PPP loan of $991,620 (compared to this company's $1.18M).

Industry PPP Comparison Statistics

Nationwide, 7,759 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.9B 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 21 employees, 91% lower than D & F Equipment Sales Inc's reported 234 employees, and received an average PPP loan of $244,653, 79% lower than this company's loan of $1.18M.

SBA PPP loan data, payroll data, and salaries for D & F Equipment Sales, Inc
AL

D & F Equipment Sales, Inc

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: Crossville, AL

Search All PPP Data

D & F Equipment Sales, Inc is a limited liability company (LLC) located at 8641 Hwy 227 N in Crossville, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,312,700.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 234 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9519927007

Loan Size:

$3.31M

Jobs Retained:

234

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

Regions Bank

D & F Equipment Sales, Inc in Crossville, AL received a Paycheck Protection Loan of $3.31M through Regions Bank, which was approved in April, 2020.

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, D & F Equipment Sales, Inc's 2019 payroll expenses are estimated to be at least $15.9M.

Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $67,953 per employee1

Reported PPP Proceed Usage:

On the PPP application, D & F Equipment Sales, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,312,700
Because the loan received by D & F Equipment Sales, 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 - D & F Equipment Sales, Inc in Crossville, AL

D & F Equipment Sales, Inc
8641 Hwy 227 N
Crossville, AL 35962

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

De Kalb County, AL — SBA Office 0459 — Congressional District: AL-04

Similar Companies near Crossville

In the Crossville area, 5 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 234) and received an average PPP loan of $991,620 (compared to this company's $3.31M).

Industry PPP Comparison Statistics

Nationwide, 7,759 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.9B 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 21 employees, 91% lower than D & F Equipment Sales, Inc's reported 234 employees, and received an average PPP loan of $244,653, 93% lower than this company's loan of $3.31M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/d-f-equipment-sales-inc-crossville-al