PPP Loan Data — Red Mountain Alias, Birmingham, AL
Red Mountain Alias is a non-profit organization located at 283 Lyon Ln in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $47,177.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Oakworth Capital Bank
Red Mountain Alias in Birmingham, AL received a Paycheck Protection Loan of $47,177 through Oakworth Capital Bank, which was approved in January, 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, Red Mountain Alias' 2019 payroll expenses are estimated to be at least $226,450.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,613 per employee1
Reported PPP Proceed Usage:
On the PPP application, Red Mountain Alias reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,174
- Utilities: $1
Business Information - Red Mountain Alias in Birmingham, AL
283 Lyon Ln
Birmingham, AL 35211
Nature Parks and Other Similar Institutions
NAICS code 712190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,095 businesses in the "Nature Parks and Other Similar Institutions" industry received a total of $114.34M 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 14 employees, 250% higher than Red Mountain Alias' reported 4 employees, and received an average PPP loan of $104,420, 121% higher than this company's loan of $47,177.
FederalPay's PPP Information Policy
Footnotes & Information
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