PPP Loan Data — River Country Coop, Chippewa Falls, WI
River Country Coop is a corporation located at 1080 West River St in Chippewa Falls, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,584,567.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
River Country Coop in Chippewa Falls, WI received a Paycheck Protection Loan of $1.58M through CoBank ACB, 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 February, 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, River Country Coop's 2019 payroll expenses are estimated to be at least $7.61M.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $15,554 per employee1
Reported PPP Proceed Usage:
On the PPP application, River Country Coop reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,584,567
Business Information - River Country Coop in Chippewa Falls, WI
1080 West River St
Chippewa Falls, WI 54729
Farm Supplies Merchant Wholesalers
NAICS code 424910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,373 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $607.02M 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, 97% lower than River Country Coop's reported 489 employees, and received an average PPP loan of $138,811, 91% lower than this company's loan of $1.58M.
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Footnotes & Information
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