PPP Loan Data — Stribling Equipment, LLC, Richland, MS
Stribling Equipment, LLC
Entity: Limited Liability Company (LLC)
Location: Richland, MSTweet This • Search All PPP Data
Stribling Equipment, LLC is a limited liability company (LLC) located at 415 Highway 49 S in Richland, Mississippi that received a Coronavirus-related PPP loan from the SBA of $4,982,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Stribling Equipment, LLC in Richland, MS received a Paycheck Protection Loan of $4.98M through Renasant 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 July, 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, Stribling Equipment, LLC's 2019 payroll expenses are estimated to be at least $23.92M.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $66,994 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stribling Equipment, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,982,700
Business Information - Stribling Equipment, LLC in Richland, MS
415 Highway 49 S
Richland, MS 39218
Motorcycle, ATV, and All Other Motor Vehicle Dealers
NAICS code 441228
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Richland
In the Richland area, 3 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 246 employees (compared to this company's 357) and received an average PPP loan of $3,194,717 (compared to this company's $4.98M).
Similar Nearby Businesses Who Received PPP Funding:
Lapine Trucks And Trailers Of Jackson Inc
Empie Truck Sales, LLC
Industry PPP Comparison Statistics
Nationwide, 7,505 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $1.08B 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 14 employees, 96% lower than Stribling Equipment, LLC's reported 357 employees, and received an average PPP loan of $144,023, 97% lower than this company's loan of $4.98M.
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Footnotes & Information
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