PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated June 30, 2023)

PPP Loan Data — Radco Residential LLC, Atlanta, GA

ALERT: There are 2 PPP loans for a total of $6.85M in our database for businesses with the name "Radco Residential LLC" in Atlanta, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Radco Residential LLC
GA

Radco Residential LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Property Managers

Location: Atlanta, GA

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Radco Residential LLC is a limited liability company (LLC) located at 400 Galleria Pkwy Se Ste 1200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.

$ PPP Loan Information
Loan #2063368806

Loan Size:

$2M

Jobs Retained:

150

Loan Approved:

2021-04-11

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

Radco Residential LLC in Atlanta, GA received a Paycheck Protection Loan of $2M through Wells Fargo Bank, National Association, which was approved in April, 2021.

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 October, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Radco Residential LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $64,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Radco Residential LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Radco Residential LLC 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 - Radco Residential LLC in Atlanta, GA

Radco Residential LLC
400 Galleria Pkwy Se Ste 1200
Atlanta, GA 30339

Business Industry:
Residential Property Managers
NAICS code 531311

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cobb County, GA — SBA Office 0405 — Congressional District: GA-11

Similar Companies near Atlanta

In the Atlanta area, 20 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 150) and received an average PPP loan of $516,137 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 35,963 businesses in the "Residential Property Managers" industry received a total of $3.03B 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 9 employees, 94% lower than Radco Residential LLC's reported 150 employees, and received an average PPP loan of $84,134, 96% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Radco Residential LLC
GA

Radco Residential LLC

Entity: Limited Liability Company (LLC)

Industry: New Multifamily Housing Construction (except For-Sale Builders)

Location: Atlanta, GA

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Radco Residential LLC is a limited liability company (LLC) located at 400 Galleria Parkway Suite 1200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,846,360.00 in May, 2020.

$ PPP Loan Information
Loan #4879107706

Loan Size:

$4.85M

Jobs Retained:

301

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

Radco Residential LLC in Atlanta, GA received a Paycheck Protection Loan of $4.85M through Wells Fargo Bank, National Association, which was approved in May, 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 November, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Radco Residential LLC's 2019 payroll expenses are estimated to be at least $23.26M.

Based on their reported 301 jobs retained, this equals an estimated average yearly compensation of $77,284 per employee1

Reported PPP Proceed Usage:

On the PPP application, Radco Residential LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,846,360
Because the loan received by Radco Residential LLC 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 - Radco Residential LLC in Atlanta, GA

Radco Residential LLC
400 Galleria Parkway Suite 1200
Atlanta, GA 30339

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cobb County, GA — SBA Office 0405 — Congressional District: GA-11

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Radco Residential LLC.

Radco Management Inc
Other Activities Related to Real Estate

$1.17M PPP Loan

Similar Companies near Atlanta

In the Atlanta area, 5 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 301) and received an average PPP loan of $1,026,907 (compared to this company's $4.85M).

Industry PPP Comparison Statistics

Nationwide, 12,921 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $1.1B 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 8 employees, 97% lower than Radco Residential LLC's reported 301 employees, and received an average PPP loan of $84,844, 98% lower than this company's loan of $4.85M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/radco-residential-llc-atlanta-ga