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PPP Loan Data — Rockingham Cooperative Farm Bureau Inc,
Dayton, VA
Rockingham Cooperative Farm Bureau Inc
Entity: Corporation
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)
Location: Dayton, VA
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Rockingham Cooperative Farm Bureau Inc is a corporation located at 112 Meigs Ln in Dayton, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,458,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-06Lender:
THE FIRST BANK AND TRUST COMPANYRockingham Cooperative Farm Bureau Inc in Dayton, VA received a Paycheck Protection Loan of $2.46M through THE FIRST BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rockingham Cooperative Farm Bureau Inc's total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.
Unlike most businesses, Rockingham Cooperative Farm Bureau Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Rockingham Cooperative Farm Bureau Inc in Dayton, VA
112 Meigs Ln
Dayton, VA 22821
Business Industry
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-06Similar Companies near Dayton
In the Dayton area, 2 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 0) and received an average PPP loan of $1,271,550 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
PWP, Inc.
Dayton, VA
Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, and received an average PPP loan of $50,641, 98% lower than this company's loan of $2.46M.
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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