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PPP Loan Data — P. Vallone/Rolling V Bus Corp., South Fallsburg, NY

SBA PPP loan data, payroll data, and salaries for P. Vallone/Rolling V Bus Corp.
NY

P. Vallone/Rolling V Bus Corp.

Entity: Subchapter S Corporation

Industry: School and Employee Bus Transportation

Location: South Fallsburg, NY

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P. Vallone/Rolling V Bus Corp. is a subchapter s corporation located at P.o. Box 110 in South Fallsburg, New York that received a Coronavirus-related PPP loan from the SBA of $3,114,897.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 415 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.11M

Jobs Retained:

415

Loan Approved:

2020-04-15

Lender:

WAYNE BANK

P. Vallone/Rolling V Bus Corp. received a Paycheck Protection Loan of $3.11M through WAYNE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, P. Vallone/Rolling V Bus Corp.'s total 2019 payroll expenses were approximately $14.95M in order to qualify for the PPP loan amount received.

Based on their reported 415 jobs retained, this equals an estimated average yearly compensation of $36,028 per employee1.

Because the loan received by P. Vallone/Rolling V Bus Corp. 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 - P. Vallone/Rolling V Bus Corp. in South Fallsburg, NY

P. Vallone/Rolling V Bus Corp.
P.o. Box 110
South Fallsburg, NY 12779

Business Industry

School and Employee Bus Transportation (NAICS code 485410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NY-19

Industry PPP Comparison Statistics

Nationwide, 1,324 businesses in the "School and Employee Bus Transportation" industry received a total of $291,070,688.00 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 35 employees, 92% lower than P. Vallone/Rolling V Bus Corp.'s reported 415 employees, and received an average PPP loan of $219,842, 93% lower than this company's loan of $3.11M.

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.

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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Source: www.federalpay.org/paycheck-protection-program/p-vallone-rolling-v-bus-corp-south-fallsburg-ny