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PPP Loan Data — River Valley Holdings, Inc.,
Syracuse, 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:
Jobs Retained:
378Loan Approved:
2020-04-11Lender:
KEYBANK NATIONAL ASSOCIATIONRiver 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.
Business Information - River Valley Holdings, Inc. in Syracuse, NY
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-24Industry 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.
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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