PPP Loan Data — River Valley Cooperative, Davenport, IA
River Valley Cooperative is a cooperative located at 254 East 90th Street in Davenport, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,792,500.00 in April, 2020.
$ PPP Loan Information
River Valley Cooperative in Davenport, IA received a Paycheck Protection Loan of $3.79M through COBANK ACB, which was approved in April, 2020.
Based on standard PPP eligibility rules, River Valley Cooperative's total 2019 payroll expenses were approximately $18.2M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $70,558 per employee1.
Business Information - River Valley Cooperative in Davenport, IA
254 East 90th Street
Davenport, IA 52806
Farm Supplies Merchant Wholesalers (NAICS code 424910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-02
Industry PPP Comparison Statistics
Nationwide, 3,012 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $498,453,282.00 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 14 employees, 95% lower than River Valley Cooperative's reported 258 employees, and received an average PPP loan of $165,489, 96% lower than this company's loan of $3.79M.
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Footnotes & Information
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