PPP Loan Data — Graves Investment Co, Inc, Jefferson City, MO
Graves Investment Co, Inc is a subchapter s corporation located at 913 Big Horn Drive in Jefferson City, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,882,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:UMB Bank, National Association
Graves Investment Co, Inc in Jefferson City, MO received a Paycheck Protection Loan of $1.88M through UMB Bank, National Association, 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 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, Graves Investment Co, Inc's 2019 payroll expenses are estimated to be at least $9.04M.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $58,675 per employee1
Reported PPP Proceed Usage:
On the PPP application, Graves Investment Co, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,882,500
Business Information - Graves Investment Co, Inc in Jefferson City, MO
913 Big Horn Drive
Jefferson City, MO 65109
General Line Grocery Merchant Wholesalers
NAICS code 424410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Change of Ownership
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,428 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $753.1M 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, 92% lower than Graves Investment Co, Inc's reported 154 employees, and received an average PPP loan of $117,159, 94% lower than this company's loan of $1.88M.
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Footnotes & Information
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