PPP Loan Data — Raajipo LLC, Wilmington, DE
Raajipo LLC is a limited liability company (LLC) located at 824 North Market Street Suite 103 in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $46,330.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Raajipo LLC in Wilmington, DE received a Paycheck Protection Loan of $46,330 through Manufacturers and Traders Trust Company, 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, Raajipo LLC's 2019 payroll expenses are estimated to be at least $222,384.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, Raajipo LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $32,330
- Utilities: $2,000
- Rent: $12,000
Business Information - Raajipo LLC in Wilmington, DE
824 North Market Street Suite 103
Wilmington, DE 19801
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wilmington
In the Wilmington area, 7 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 6) and received an average PPP loan of $74,180 (compared to this company's $46,330).
Similar Nearby Businesses Who Received PPP Funding:
Fulcrum Pharmacy Management, Inc
D Enterprises Peoples Pharmacy
Radius RX Direct, Inc
Unit 2, DE
Ainsley's Pharmacy LLC
Martin Drugs. Inc
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 100% higher than Raajipo LLC's reported 6 employees, and received an average PPP loan of $94,214, 103% higher than this company's loan of $46,330.
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Footnotes & Information
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