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PPP Loan Data — Eagle Rock Distributing Company, LLC, Norcross, GA

SBA PPP loan data, payroll data, and salaries for Eagle Rock Distributing Company, LLC
GA

Eagle Rock Distributing Company, LLC

Entity: Limited Liability Company (LLC)

Industry: Beer and Ale Merchant Wholesalers

Location: Norcross, GA

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Eagle Rock Distributing Company, LLC is a limited liability company (LLC) located at 6205 Best Friend Rd in Norcross, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,342,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.34M

Jobs Retained:

314

Loan Approved:

2020-04-07

Lender:

VININGS BANK

Eagle Rock Distributing Company, LLC received a Paycheck Protection Loan of $4.34M through VININGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Eagle Rock Distributing Company, LLC's total 2019 payroll expenses were approximately $20.84M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $66,385 per employee1.

Because the loan received by Eagle Rock Distributing Company, LLC 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 - Eagle Rock Distributing Company, LLC in Norcross, GA

Eagle Rock Distributing Company, LLC
6205 Best Friend Rd
Norcross, GA 30071

Business Industry

Beer and Ale Merchant Wholesalers (NAICS code 424810)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-07

Industry PPP Comparison Statistics

Nationwide, 1,103 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $586,037,858.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 43 employees, 86% lower than Eagle Rock Distributing Company, LLC's reported 314 employees, and received an average PPP loan of $531,313, 88% lower than this company's loan of $4.34M.

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.

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Footnotes & Information

1. 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/eagle-rock-distributing-company-llc-norcross-ga