PPP Loan Data — Warrior Tractor And Equipment Co. Inc, Northport, AL
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 Status:Paid in Full or Forgiven
Warrior Tractor And Equipment Co. Inc in Northport, AL received a Paycheck Protection Loan of $3.68M through Regions 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, Warrior Tractor And Equipment Co. Inc's 2019 payroll expenses are estimated to be at least $17.65M.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $66,620 per employee1
Reported PPP Proceed Usage:
On the PPP application, Warrior Tractor And Equipment Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,678,000
Business Information - Warrior Tractor And Equipment Co. Inc in Northport, AL
6801 Mcfarland Blvd
Northport, AL 35476
All Other General Merchandise Stores
NAICS code 452319
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Northport
In the Northport area, 3 businesses in the "All Other General Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 265) and received an average PPP loan of $1,236,555 (compared to this company's $3.68M).
Similar Nearby Businesses Who Received PPP Funding:
Northport Smoke Shop Inc
Industry PPP Comparison Statistics
Nationwide, 10,738 businesses in the "All Other General Merchandise Stores" industry received a total of $361.43M 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 5 employees, 98% lower than Warrior Tractor And Equipment Co. Inc's reported 265 employees, and received an average PPP loan of $33,659, 99% lower than this company's loan of $3.68M.
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Footnotes & Information
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