PPP Loan Data — D & R Rivercity RV Resort Inc, New Braunfels, TX
D & R Rivercity RV Resort Inc is a corporation located at 7965 Old Bastrop Rd in New Braunfels, Texas that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Horizon Community Bank
D & R Rivercity RV Resort Inc in New Braunfels, TX received a Paycheck Protection Loan of $25,500 through Horizon Community 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 February, 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, D & R Rivercity RV Resort Inc's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, D & R Rivercity RV Resort Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - D & R Rivercity RV Resort Inc in New Braunfels, TX
7965 Old Bastrop Rd
New Braunfels, TX 78130
RV (Recreational Vehicle) Parks and Campgrounds
NAICS code 721211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near New Braunfels
In the New Braunfels area, 4 businesses in the "RV (Recreational Vehicle) Parks and Campgrounds" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $33,396 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Wigg Enterprises Inc
New Braunfels, TX
York Creek RV Park LLC
New Braunfels, TX
New Braunefls, TX
Industry PPP Comparison Statistics
Nationwide, 3,752 businesses in the "RV (Recreational Vehicle) Parks and Campgrounds" industry received a total of $193.09M 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, 80% higher than D & R Rivercity RV Resort Inc's reported 5 employees, and received an average PPP loan of $51,462, 102% higher than this company's loan of $25,500.
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Footnotes & Information
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