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PPP Loan Data — River Valley Holdings, Inc., Syracuse, NY

SBA PPP loan data, payroll data, and salaries for River Valley Holdings, Inc.
NY

River Valley Holdings, Inc.

Entity: Subchapter S Corporation

Industry: General Line Grocery Merchant Wholesalers

Location: Syracuse, NY

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River Valley Holdings, Inc. is a subchapter s corporation located at 5881 Court Street Road in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $4,204,939.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.2M

Jobs Retained:

378

Loan Approved:

2020-04-11

Lender:

KEYBANK NATIONAL ASSOCIATION

River Valley Holdings, Inc. in Syracuse, NY received a Paycheck Protection Loan of $4.2M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, River Valley Holdings, Inc.'s total 2019 payroll expenses were approximately $20.18M in order to qualify for the PPP loan amount received.

Based on their reported 378 jobs retained, this equals an estimated average yearly compensation of $53,396 per employee1.

Because the loan received by River Valley Holdings, Inc. 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 Holdings, Inc. in Syracuse, NY

River Valley Holdings, Inc.
5881 Court Street Road
Syracuse, NY 13206

Business Industry

General Line Grocery Merchant Wholesalers (NAICS code 424410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-24

Industry PPP Comparison Statistics

Nationwide, 4,442 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $596,799,136.00 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, 96% lower than River Valley Holdings, Inc.'s reported 378 employees, and received an average PPP loan of $134,354, 97% lower than this company's loan of $4.2M.

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.

Search FederalPay's Full PPP Loan Database

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-holdings-inc-syracuse-ny