PPP Loan Data — Rybovich Boat Company LLC, West Palm Beach, FL
Rybovich Boat Company LLC is a limited liability company (LLC) located at 4200 Flagler Dr in West Palm Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $3,840,383.00 in April, 2020.
$ PPP Loan Information
Rybovich Boat Company LLC in West Palm Beach, FL received a Paycheck Protection Loan of $3.84M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rybovich Boat Company LLC's total 2019 payroll expenses were approximately $18.43M in order to qualify for the PPP loan amount received.
Based on their reported 302 jobs retained, this equals an estimated average yearly compensation of $61,039 per employee1.
Business Information - Rybovich Boat Company LLC in West Palm Beach, FL
4200 Flagler Dr
West Palm Beach, FL 33407
Marinas (NAICS code 713930)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-21
Similar Companies near West Palm Beach
In the West Palm Beach area, 3 businesses in the "Marinas" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 302) and received an average PPP loan of $1,684,574 (compared to this company's $3.84M).
Similar Nearby Businesses Who Received PPP Funding:
Southern Marinas, LLC
North Palm Beach, FL
Yacht Connexion, LLC
North Palm Beach, FL
Industry PPP Comparison Statistics
Nationwide, 2,275 businesses in the "Marinas" industry received a total of $179,873,033.00 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 10 employees, 97% lower than Rybovich Boat Company LLC's reported 302 employees, and received an average PPP loan of $79,065, 98% lower than this company's loan of $3.84M.
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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