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PPP Loan Data — Guaranty RV Inc, Junction City, OR

SBA PPP loan data, payroll data, and salaries for Guaranty RV Inc
OR

Guaranty RV Inc

Entity: Corporation

Industry: Recreational Vehicle Dealers

Location: Junction City, OR

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Guaranty RV Inc is a corporation located at 20 Highway 99 S in Junction City, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,998,813.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3M

Jobs Retained:

488

Loan Approved:

2020-04-15

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Guaranty RV Inc in Junction City, OR received a Paycheck Protection Loan of $3M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Guaranty RV Inc's total 2019 payroll expenses were approximately $14.39M in order to qualify for the PPP loan amount received.

Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $29,497 per employee1.

Because the loan received by Guaranty RV 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 - Guaranty RV Inc in Junction City, OR

Guaranty RV Inc
20 Highway 99 S
Junction City, OR 97448

Business Industry

Recreational Vehicle Dealers (NAICS code 441210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OR-04

Similar Companies near Junction City

In the Junction City area, 3 businesses in the "Recreational Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 169 employees (compared to this company's 488) and received an average PPP loan of $1,069,503 (compared to this company's $3M).

Industry PPP Comparison Statistics

Nationwide, 2,269 businesses in the "Recreational Vehicle Dealers" industry received a total of $427,538,087.00 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 16 employees, 97% lower than Guaranty RV Inc's reported 488 employees, and received an average PPP loan of $188,426, 94% lower than this company's loan of $3M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/guaranty-rv-inc-junction-city-or