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PPP Loan Data — Wood Fruitticher Grocery Company Inc,
Birmingham, AL
Wood Fruitticher Grocery Company Inc
Entity: Corporation
Industry: General Line Grocery Merchant Wholesalers
Location: Birmingham, AL
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Wood Fruitticher Grocery Company Inc is a corporation located at 2900 Alton Road in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,274,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
377Loan Approved:
2020-04-05Lender:
FIRST HORIZON BANKWood Fruitticher Grocery Company Inc in Birmingham, AL received a Paycheck Protection Loan of $5.27M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Wood Fruitticher Grocery Company Inc's total 2019 payroll expenses were approximately $25.32M in order to qualify for the PPP loan amount received.
Based on their reported 377 jobs retained, this equals an estimated average yearly compensation of $67,158 per employee1.
Business Information - Wood Fruitticher Grocery Company Inc in Birmingham, AL
2900 Alton Road
Birmingham, AL 35210
Business Industry
General Line Grocery Merchant Wholesalers (NAICS code 424410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AL-06Similar Companies near Birmingham
In the Birmingham area, 2 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 193 employees (compared to this company's 377) and received an average PPP loan of $2,671,215 (compared to this company's $5.27M).
Similar Nearby Businesses Who Received PPP Funding:
D&T Sales, Inc
Birmingham, AL
Industry PPP Comparison Statistics
Nationwide, 4,442 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $596,799,136.00 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 14 employees, 96% lower than Wood Fruitticher Grocery Company Inc's reported 377 employees, and received an average PPP loan of $134,354, 97% lower than this company's loan of $5.27M.
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.
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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