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PPP Loan Data — Warrior Tractor And Equipment Co. Inc., Northport, AL

SBA PPP loan data, payroll data, and salaries for Warrior Tractor And Equipment Co. Inc.
AL

Warrior Tractor And Equipment Co. Inc.

Entity: Subchapter S Corporation

Industry: All Other General Merchandise Stores

Location: Northport, AL

Search All PPP Data

Warrior Tractor And Equipment Co. Inc. is a subchapter s corporation located at 6801 Mcfarland Blvd in Northport, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,678,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.68M

Jobs Retained:

265

Loan Approved:

2020-04-08

Lender:

REGIONS BANK

Warrior Tractor And Equipment Co. Inc. received a Paycheck Protection Loan of $3.68M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Warrior Tractor And Equipment Co. Inc.'s total 2019 payroll expenses were approximately $17.65M in order to qualify for the PPP loan amount received.

Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $66,620 per employee1.

Because the loan received by Warrior Tractor And Equipment Co. Inc. 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 - Warrior Tractor And Equipment Co. Inc. in Northport, AL

Warrior Tractor And Equipment Co. Inc.
6801 Mcfarland Blvd
Northport, AL 35476

Business Industry

All Other General Merchandise Stores (NAICS code 452319)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-07

Similar Companies near Northport

In the Northport area, 2 businesses in the "All Other General Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 265) and received an average PPP loan of $1,844,544 (compared to this company's $3.68M).

Similar Nearby Businesses Who Received PPP Funding:

Northport Smoke Shop Inc
Northport, AL

$11,087 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,755 businesses in the "All Other General Merchandise Stores" industry received a total of $209,080,604.00 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 6 employees, 98% lower than Warrior Tractor And Equipment Co. Inc.'s reported 265 employees, and received an average PPP loan of $43,971, 99% lower than this company's loan of $3.68M.

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/warrior-tractor-and-equipment-co-inc-northport-al