PPP Loan Data — Fort Valley Drug Company LLC, Fort Valley, GA
Fort Valley Drug Company LLC
Entity: Limited Liability Company (LLC)
Location: Fort Valley, GATweet This • Search All PPP Data
Fort Valley Drug Company LLC is a limited liability company (LLC) located at 115 Commercial Heights in Fort Valley, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,164.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Fort Valley Drug Company LLC in Fort Valley, GA received a Paycheck Protection Loan of $25,164 through Truist Bank d/b/a Branch Banking & Trust Co, 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 March, 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, Fort Valley Drug Company LLC's 2019 payroll expenses are estimated to be at least $120,787.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,131 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fort Valley Drug Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,164
Business Information - Fort Valley Drug Company LLC in Fort Valley, GA
115 Commercial Heights
Fort Valley, GA 31030
Drugs and Druggists' Sundries Merchant Wholesalers
NAICS code 424210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,557 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $499.68M 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 13 employees, 117% higher than Fort Valley Drug Company LLC's reported 6 employees, and received an average PPP loan of $140,477, 458% higher than this company's loan of $25,164.
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Footnotes & Information
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