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

PPP Loan Data — Fred Taylor Company Inc, Albany, GA

ALERT: There are 2 PPP loans for a total of $5.57M in our database for businesses with the name "Fred Taylor Company Inc" in Albany, GA. 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 Fred Taylor Company Inc
GA

Fred Taylor Company Inc

Entity: Subchapter S Corporation

Industry: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

Location: Albany, GA

Search All PPP Data

Fred Taylor Company Inc is a subchapter s corporation located at 2700 Palmyra Rd in Albany, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

$ PPP Loan Information
Loan #8529848601

Loan Size:

$2M

Jobs Retained:

180

Loan Approved:

2021-03-25

Loan Status:

Ongoing Loan

Lender:

CIBC Bank USA

Fred Taylor Company Inc in Albany, GA received a Paycheck Protection Loan of $2M through CIBC Bank USA, 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.

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, Fred Taylor Company Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $53,333 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fred Taylor Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Fred Taylor Company Inc 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 - Fred Taylor Company Inc in Albany, GA

Fred Taylor Company Inc
2700 Palmyra Rd
Albany, GA 31707

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: N

HUBZone: N

Rural / Urban: Urban

Dougherty County, GA — SBA Office 0405 — Congressional District: GA-02

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Fred Taylor Company Inc.

Cater Donaldson
Offices of Chiropractors

$20,833 PPP Loan

Similar Companies near Albany

In the Albany area, 2 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 180) and received an average PPP loan of $1,010,417 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Rekeetha Hosley
Albany, GA

$20,833 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,426 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $347.93M 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 5 employees, 97% lower than Fred Taylor Company Inc's reported 180 employees, and received an average PPP loan of $54,143, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Fred Taylor Company, Inc
GA

Fred Taylor Company, Inc

Entity: Subchapter S Corporation

Industry: Offices of Other Holding Companies

Location: Albany, GA

Search All PPP Data

Fred Taylor Company, Inc is a subchapter s corporation located at 2700 Palmyra Rd in Albany, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,568,400.00 in April, 2020.

$ PPP Loan Information
Loan #8755927004

Loan Size:

$3.57M

Jobs Retained:

285

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

CIBC Bank USA

Fred Taylor Company, Inc in Albany, GA received a Paycheck Protection Loan of $3.57M through CIBC Bank USA, 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 July, 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, Fred Taylor Company, Inc's 2019 payroll expenses are estimated to be at least $17.13M.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $60,099 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fred Taylor Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,568,400
Because the loan received by Fred Taylor Company, Inc 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 - Fred Taylor Company, Inc in Albany, GA

Fred Taylor Company, Inc
2700 Palmyra Rd
Albany, GA 31707

Business Industry:
Offices of Other Holding Companies
NAICS code 551112

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

Dougherty County, GA — SBA Office 0405 — Congressional District: GA-02

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Fred Taylor Company, Inc.

Cater Donaldson
Offices of Chiropractors

$20,833 PPP Loan

Similar Companies near Albany

In the Albany area, 4 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 285) and received an average PPP loan of $899,694 (compared to this company's $3.57M).

Industry PPP Comparison Statistics

Nationwide, 12,406 businesses in the "Offices of Other Holding Companies" industry received a total of $1.56B 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, 95% lower than Fred Taylor Company, Inc's reported 285 employees, and received an average PPP loan of $125,465, 96% lower than this company's loan of $3.57M.

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/fred-taylor-company-inc-albany-ga