PPP Loan Data — S & R Investments Inc, Ithaca, MI
S & R Investments Inc is a corporation located at 4550 S Bagley Rd in Ithaca, Michigan that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
S & R Investments Inc in Ithaca, MI received a Paycheck Protection Loan of $46,000 through Commercial Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, S & R Investments Inc's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, S & R Investments Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $38,000
- Utilities: $2,000
- Health Care: $6,000
Business Information - S & R Investments Inc in Ithaca, MI
4550 S Bagley Rd
Ithaca, MI 48847
Golf Courses and Country Clubs
NAICS code 713910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ithaca
In the Ithaca area, 3 businesses in the "Golf Courses and Country Clubs" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $30,882 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Jerry Matthews Natural Course Design
Industry PPP Comparison Statistics
Nationwide, 9,352 businesses in the "Golf Courses and Country Clubs" industry received a total of $1.3B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 28 employees, 367% higher than S & R Investments Inc's reported 6 employees, and received an average PPP loan of $139,292, 203% higher than this company's loan of $46,000.
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Footnotes & Information
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