PPP Loan Data — Dealers Supply Company Inc, Forest Park, GA
Dealers Supply Company Inc
Location: Forest Park, GATweet This • Search All PPP Data
Dealers Supply Company Inc is a corporation located at 82 Kennedy Dr in Forest Park, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,514,335.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Dealers Supply Company Inc in Forest Park, GA received a Paycheck Protection Loan of $1.51M through Bank of America, National Association, 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 January, 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, Dealers Supply Company Inc's 2019 payroll expenses are estimated to be at least $7.27M.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $72,688 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dealers Supply Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,514,335
Business Information - Dealers Supply Company Inc in Forest Park, GA
82 Kennedy Dr
Forest Park, GA 30297
Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
NAICS code 423730
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Forest Park
In the Forest Park area, 2 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 100) and received an average PPP loan of $767,168 (compared to this company's $1.51M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,415 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a total of $489.76M 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 15 employees, 85% lower than Dealers Supply Company Inc's reported 100 employees, and received an average PPP loan of $202,797, 87% lower than this company's loan of $1.51M.
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Footnotes & Information
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