PPP Loan Data — R V World Inc Of Nokomis, Nokomis, FL
R V World Inc Of Nokomis is a corporation located at 2110 Tamiami Trl N in Nokomis, Florida that received a Coronavirus-related PPP loan from the SBA of $1,694,825.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
R V World Inc Of Nokomis in Nokomis, FL received a Paycheck Protection Loan of $1.69M through Bank of America, National Association, 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, R V World Inc Of Nokomis' 2019 payroll expenses are estimated to be at least $8.14M.
Based on their reported 117 jobs retained, this equals an estimated average yearly compensation of $69,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, R V World Inc Of Nokomis reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,694,825
Business Information - R V World Inc Of Nokomis in Nokomis, FL
2110 Tamiami Trl N
Nokomis, FL 34275
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nokomis
In the Nokomis area, 8 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 117) and received an average PPP loan of $223,838 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
Big Ocean Marine
B & M Auto Repair LLC
North Venice, FL
Dents Now LLC
Horace Charles Jr
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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, 96% lower than R V World Inc Of Nokomis' reported 117 employees, and received an average PPP loan of $41,461, 98% lower than this company's loan of $1.69M.
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Footnotes & Information
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