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

PPP Loan Data — Smugglers Notch Management Co LTD, Jeffersonville, VT

SBA PPP loan data, payroll data, and salaries for Smugglers Notch Management Co LTD
VT

Smugglers Notch Management Co LTD

Entity: Corporation

Industry: Hotels (except Casino Hotels) and Motels

Location: Jeffersonville, VT

Search All PPP Data

Smugglers Notch Management Co LTD is a corporation located at 4323 Vermont Route 108 South in Jeffersonville, Vermont that received a Coronavirus-related PPP loan from the SBA of $2,978,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.98M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-04

Lender:

UNION BANK

Smugglers Notch Management Co LTD in Jeffersonville, VT received a Paycheck Protection Loan of $2.98M through UNION BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Smugglers Notch Management Co LTD's total 2019 payroll expenses were approximately $14.3M in order to qualify for the PPP loan amount received.

Unlike most businesses, Smugglers Notch Management Co LTD'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.

Because the loan received by Smugglers Notch Management Co LTD 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 - Smugglers Notch Management Co LTD in Jeffersonville, VT

Smugglers Notch Management Co LTD
4323 Vermont Route 108 South
Jeffersonville, VT 5464

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VT-

Similar Companies near Jeffersonville

In the Jeffersonville area, 2 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 0 employees (compared to this company's 0) and received an average PPP loan of $1,504,000 (compared to this company's $2.98M).

Similar Nearby Businesses Who Received PPP Funding:

Sterling Ridge Resort
Jeffersonville, VT

$29,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 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 21 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $2.98M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/smugglers-notch-management-co-ltd-jeffersonville-vt