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PPP Loan Data — Rybovich Boat Company LLC, West Palm Beach, FL

SBA PPP loan data, payroll data, and salaries for Rybovich Boat Company LLC
FL

Rybovich Boat Company LLC

Entity: Limited Liability Company (LLC)

Industry: Marinas

Location: West Palm Beach, FL

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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

Loan Size:

$3.84M

Jobs Retained:

302

Loan Approved:

2020-04-07

Lender:

SYNOVUS BANK

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.

Because the loan received by Rybovich Boat Company LLC 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 - Rybovich Boat Company LLC in West Palm Beach, FL

Rybovich Boat Company LLC
4200 Flagler Dr
West Palm Beach, FL 33407

Business Industry

Marinas (NAICS code 713930)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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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Source: www.federalpay.org/paycheck-protection-program/rybovich-boat-company-llc-west-palm-beach-fl