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PPP Loan Data — Radiant Services Corporation,
Gardena, CA
Radiant Services Corporation
Entity: Corporation
Industry: Drycleaning and Laundry Services (except Coin-Operated)
Location: Gardena, CA
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Radiant Services Corporation is a corporation located at 651 Knox St in Gardena, California that received a Coronavirus-related PPP loan from the SBA of $3,487,118.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 387 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
387Loan Approved:
2020-04-13Lender:
CITY NATIONAL BANKRadiant Services Corporation received a Paycheck Protection Loan of $3.49M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Radiant Services Corporation's total 2019 payroll expenses were approximately $16.74M in order to qualify for the PPP loan amount received.
Based on their reported 387 jobs retained, this equals an estimated average yearly compensation of $43,251 per employee1.
Business Information - Radiant Services Corporation in Gardena, CA
651 Knox St
Gardena, CA 90248
Business Industry
Drycleaning and Laundry Services (except Coin-Operated) (NAICS code 812320)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-43Similar Companies near Gardena
In the Gardena area, 5 businesses in the "Drycleaning and Laundry Services (except Coin-Operated)" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 387) and received an average PPP loan of $724,698 (compared to this company's $3.49M).
Similar Nearby Businesses Who Received PPP Funding:
Korean Drycleaners Laundry Association
Gardena, CA
Pacific Partners Capital
Gardena, CA
Arts Cleaner
Gardena, CA
JM & P Inc.
Gardena, CA
Industry PPP Comparison Statistics
Nationwide, 12,236 businesses in the "Drycleaning and Laundry Services (except Coin-Operated)" industry received a total of $545,347,229.00 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 7 employees, 98% lower than Radiant Services Corporation's reported 387 employees, and received an average PPP loan of $44,569, 99% lower than this company's loan of $3.49M.
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.
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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