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PPP Loan Data — River Valley Cooperative, Davenport, IA

SBA PPP loan data, payroll data, and salaries for River Valley Cooperative
IA

River Valley Cooperative

Entity: Cooperative

Industry: Farm Supplies Merchant Wholesalers

Location: Davenport, IA

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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

Loan Size:

$3.79M

Jobs Retained:

258

Loan Approved:

2020-04-10

Lender:

COBANK ACB

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.

Because the loan received by River Valley Cooperative 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 - River Valley Cooperative in Davenport, IA

River Valley Cooperative
254 East 90th Street
Davenport, IA 52806

Business Industry

Farm Supplies Merchant Wholesalers (NAICS code 424910)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/river-valley-cooperative-davenport-ia