PPP Loan Data — Ramadanovic Enterprises Inc, North Haven, CT
Ramadanovic Enterprises Inc is a corporation located at 231 Kings Hwy in North Haven, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,313.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Ramadanovic Enterprises Inc in North Haven, CT received a Paycheck Protection Loan of $46,313 through Bank of America, National Association, which was approved in June, 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, Ramadanovic Enterprises Inc's 2019 payroll expenses are estimated to be at least $222,302.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,101 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ramadanovic Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,313
Business Information - Ramadanovic Enterprises Inc in North Haven, CT
231 Kings Hwy
North Haven, CT 6473
All Other Support Services
NAICS code 561990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near North Haven
In the North Haven area, 2 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $29,737 (compared to this company's $46,313).
Similar Nearby Businesses Who Received PPP Funding:
Super Dinosaur LLC
North Haven, CT
Industry PPP Comparison Statistics
Nationwide, 33,705 businesses in the "All Other Support Services" industry received a total of $1.71B 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 7 employees, 133% higher than Ramadanovic Enterprises Inc's reported 3 employees, and received an average PPP loan of $50,635, 9% higher than this company's loan of $46,313.
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