PPP Loan Data — R J Lee Group, Inc, Monroeville, PA
R J Lee Group, Inc is a corporation located at 350 Hochberg Road in Monroeville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,592,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 181 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cadence Bank, National Association
R J Lee Group, Inc in Monroeville, PA received a Paycheck Protection Loan of $2.59M through Cadence Bank, National Association, which was approved in April, 2020.
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, R J Lee Group, Inc's 2019 payroll expenses are estimated to be at least $12.44M.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $68,738 per employee1
Reported PPP Proceed Usage:
On the PPP application, R J Lee Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Health Care: $2,592,000
Business Information - R J Lee Group, Inc in Monroeville, PA
350 Hochberg Road
Monroeville, PA 15146
NAICS code 541380
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Monroeville
In the Monroeville area, 3 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 181) and received an average PPP loan of $1,537,919 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
RJ Lee Group Inc
Steel City Ndt LLC
Industry PPP Comparison Statistics
Nationwide, 4,541 businesses in the "Testing Laboratories" industry received a total of $814.04M 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 16 employees, 91% lower than R J Lee Group, Inc's reported 181 employees, and received an average PPP loan of $179,264, 93% lower than this company's loan of $2.59M.
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Footnotes & Information
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