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

PPP Loan Data — Dennis Johnson, Cherry Valley, AR

ALERT: There are 2 PPP loans for a total of $30,743 in our database for businesses with the name "Dennis Johnson" in Cherry Valley, AR. 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 Dennis Johnson
AR

Dennis Johnson

Entity: Sole Proprietorship

Industry: Rice Farming

Location: Cherry Valley, AR

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Dennis Johnson is a sole proprietorship located in Cherry Valley, Arkansas that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #9747638600

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-26

Loan Status:

Ongoing Loan

Lender:

Cross County Bank

Dennis Johnson in Cherry Valley, AR received a Paycheck Protection Loan of $20,833 through Cross County Bank, which was approved in March, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Dennis Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,830
  • Utilities: $1

Business Information - Dennis Johnson in Cherry Valley, AR

Dennis Johnson
Cherry Valley, AR
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Rice Farming
NAICS code 111160

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Cross County, AR — SBA Office 0669 — Congressional District: AR-01

Similar Companies near Cherry Valley

In the Cherry Valley area, 3 businesses in the "Rice Farming" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $32,444 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 1,851 businesses in the "Rice Farming" industry received a total of $53.83M 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 3 employees, 200% higher than Dennis Johnson's reported 1 employees, and received an average PPP loan of $29,082, 40% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Dennis Johnson
AR

Dennis Johnson

Entity: Sole Proprietorship

Industry: Oilseed and Grain Combination Farming

Location: Cherry Valley, AR

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Dennis Johnson is a sole proprietorship located at 500 County Road 231 in Cherry Valley, Arkansas that received a Coronavirus-related PPP loan from the SBA of $9,910.00 in May, 2020.

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

$ PPP Loan Information
Loan #4082247400

Loan Size:

$9,910

Jobs Retained:

2

Loan Approved:

2020-05-08

Loan Status:

Paid in Full or Forgiven

Lender:

Cross County Bank

Dennis Johnson in Cherry Valley, AR received a Paycheck Protection Loan of $9,910 through Cross County Bank, which was approved in May, 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 December, 2020.

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, Dennis Johnson's 2019 payroll expenses are estimated to be at least $47,568.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $23,784 per employee1

Reported PPP Proceed Usage:

On the PPP application, Dennis Johnson reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $7,928
  • Utilities: $1,982

Business Information - Dennis Johnson in Cherry Valley, AR

Dennis Johnson
500 County Road 231
Cherry Valley, AR 72324

Business Industry:
Oilseed and Grain Combination Farming
NAICS code 111191

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Cross County, AR — SBA Office 0669 — Congressional District: AR-01

Similar Companies near Cherry Valley

In the Cherry Valley area, 5 businesses in the "Oilseed and Grain Combination Farming" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $17,086 (compared to this company's $9,910).

Industry PPP Comparison Statistics

Nationwide, 32,716 businesses in the "Oilseed and Grain Combination Farming" industry received a total of $644.3M 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 2 employees, the same amount reported by Dennis Johnson and received an average PPP loan of $19,694, 99% higher than this company's loan of $9,910.

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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Source: www.federalpay.org/paycheck-protection-program/dennis-johnson-cherry-valley-ar