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

PPP Loan Data — Foot Levelers Inc, Roanoke, VA

ALERT: There are 2 PPP loans for a total of $3.85M in our database for businesses with the name "Foot Levelers Inc" in Roanoke, VA. 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 Foot Levelers Inc
VA

Foot Levelers Inc

Entity: Corporation

Industry: Surgical Appliance and Supplies Manufacturing

Location: Roanoke, VA

Search All PPP Data

Foot Levelers Inc is a corporation located at 518 Pocahontas Ave Ne in Roanoke, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,894,195.00 in January, 2021.

$ PPP Loan Information
Loan #3543048307

Loan Size:

$1.89M

Jobs Retained:

164

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Bank of Botetourt

Foot Levelers Inc in Roanoke, VA received a Paycheck Protection Loan of $1.89M through Bank of Botetourt, which was approved in January, 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, Foot Levelers Inc's 2019 payroll expenses are estimated to be at least $9.09M.

Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $55,440 per employee1

Reported PPP Proceed Usage:

On the PPP application, Foot Levelers Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,894,194
  • Utilities: $1

Business Information - Foot Levelers Inc in Roanoke, VA

Foot Levelers Inc
518 Pocahontas Ave Ne
Roanoke, VA 24012

Business Industry:
Surgical Appliance and Supplies Manufacturing
NAICS code 339113

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Roanoke City County, VA — SBA Office 0304 — Congressional District: VA-06

Similar Companies near Roanoke

In the Roanoke area, 2 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 164) and received an average PPP loan of $1,266,498 (compared to this company's $1.89M).

Similar Nearby Businesses Who Received PPP Funding:

Excel Prosthetics And Orthotics
Roanoke, VA

$638,800 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,533 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a total of $392.13M 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 14 employees, 91% lower than Foot Levelers Inc's reported 164 employees, and received an average PPP loan of $154,810, 92% lower than this company's loan of $1.89M.

SBA PPP loan data, payroll data, and salaries for Foot Levelers Inc
VA

Foot Levelers Inc

Entity: Corporation

Industry: Apparel Accessories and Other Apparel Manufacturing

Location: Roanoke, VA

Search All PPP Data

Foot Levelers Inc is a corporation located at 518 Pocahontas Ave. in Roanoke, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,958,700.00 in April, 2020.

$ PPP Loan Information
Loan #4446587105

Loan Size:

$1.96M

Jobs Retained:

167

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of Botetourt

Foot Levelers Inc in Roanoke, VA received a Paycheck Protection Loan of $1.96M through Bank of Botetourt, 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 April, 2021.

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, Foot Levelers Inc's 2019 payroll expenses are estimated to be at least $9.4M.

Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $56,298 per employee1

Reported PPP Proceed Usage:

On the PPP application, Foot Levelers Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,860,765
  • Utilities: $97,935

Business Information - Foot Levelers Inc in Roanoke, VA

Foot Levelers Inc
518 Pocahontas Ave.
Roanoke, VA 24012

Business Industry:
Apparel Accessories and Other Apparel Manufacturing
NAICS code 315990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Roanoke City County, VA — SBA Office 0304 — Congressional District: VA-06

Industry PPP Comparison Statistics

Nationwide, 9,517 businesses in the "Apparel Accessories and Other Apparel Manufacturing" industry received a total of $581.93M 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 7 employees, 96% lower than Foot Levelers Inc's reported 167 employees, and received an average PPP loan of $61,146, 97% lower than this company's loan of $1.96M.

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/foot-levelers-inc-roanoke-va