PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Smith Mobile Homes Inc, Dothan, AL

ALERT: There are 2 PPP loans for a total of $55,310 in our database for businesses with the name "Smith Mobile Homes Inc" in Dothan, AL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Smith Mobile Homes Inc
AL

Smith Mobile Homes Inc

Entity: Corporation

Industry: Specialized Freight (except Used Goods) Trucking, Local

Location: Dothan, AL

Search All PPP Data

Smith Mobile Homes Inc is a corporation located at 156 Duke Rd in Dothan, Alabama that received a Coronavirus-related PPP loan from the SBA of $30,000.00 in April, 2021.

$ PPP Loan Information
Loan #5568518704

Loan Size:

$30,000

Jobs Retained:

4

Loan Approved:

2021-04-02

Loan Status:

Ongoing Loan

Lender:

PeoplesSouth Bank

Smith Mobile Homes Inc in Dothan, AL received a Paycheck Protection Loan of $30,000 through PeoplesSouth Bank, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Smith Mobile Homes Inc's 2019 payroll expenses are estimated to be at least $144,000.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $36,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Smith Mobile Homes Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $30,000

Business Information - Smith Mobile Homes Inc in Dothan, AL

Smith Mobile Homes Inc
156 Duke Rd
Dothan, AL 36301

Business Industry:
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Houston County, AL — SBA Office 0459 — Congressional District: AL-02

Similar Companies near Dothan

In the Dothan area, 7 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $13,144 (compared to this company's $30,000).

Industry PPP Comparison Statistics

Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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 6 employees, 50% higher than Smith Mobile Homes Inc's reported 4 employees, and received an average PPP loan of $66,149, 120% higher than this company's loan of $30,000.

SBA PPP loan data, payroll data, and salaries for Smith Mobile Homes Inc
AL

Smith Mobile Homes Inc

Entity: Corporation

Industry: Manufactured (Mobile) Home Dealers

Location: Dothan, AL

Search All PPP Data

Smith Mobile Homes Inc is a corporation located at 156 Duke Rd in Dothan, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,310.00 in May, 2020.

$ PPP Loan Information
Loan #6704517403

Loan Size:

$25,310

Jobs Retained:

8

Loan Approved:

2020-05-15

Loan Status:

Paid in Full or Forgiven

Lender:

PeoplesSouth Bank

Smith Mobile Homes Inc in Dothan, AL received a Paycheck Protection Loan of $25,310 through PeoplesSouth Bank, which was approved in May, 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 March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Smith Mobile Homes Inc's 2019 payroll expenses are estimated to be at least $121,488.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,186 per employee1

Reported PPP Proceed Usage:

On the PPP application, Smith Mobile Homes Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,310

Business Information - Smith Mobile Homes Inc in Dothan, AL

Smith Mobile Homes Inc
156 Duke Rd
Dothan, AL 36301

Business Industry:
Manufactured (Mobile) Home Dealers
NAICS code 453930

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Houston County, AL — SBA Office 0459 — Congressional District: AL-02

Similar Companies near Dothan

In the Dothan area, 2 businesses in the "Manufactured (Mobile) Home Dealers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 8) and received an average PPP loan of $35,859 (compared to this company's $25,310).

Similar Nearby Businesses Who Received PPP Funding:

Paradise Home Sales Of Dothan, LLC
Dothan, AL

$46,407 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,368 businesses in the "Manufactured (Mobile) Home Dealers" industry received a total of $93.46M 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 8 employees, the same amount reported by Smith Mobile Homes Inc and received an average PPP loan of $68,316, 170% higher than this company's loan of $25,310.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/smith-mobile-homes-inc-dothan-al