PPP Loan Data — Ramco Protective Of Orlando Inc, Bonita Springs, FL
Ramco Protective Of Orlando Inc is a corporation located at 8961 Quality Rd in Bonita Springs, Florida that received a Coronavirus-related PPP loan from the SBA of $2,425,525.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Ramco Protective Of Orlando Inc in Bonita Springs, FL received a Paycheck Protection Loan of $2.43M through Bank of America, National Association, which was approved in May, 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, Ramco Protective Of Orlando Inc's 2019 payroll expenses are estimated to be at least $11.64M.
Based on their reported 429 jobs retained, this equals an estimated average yearly compensation of $27,139 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ramco Protective Of Orlando Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,425,525
Business Information - Ramco Protective Of Orlando Inc in Bonita Springs, FL
8961 Quality Rd
Bonita Springs, FL 34135
Security Guards and Patrol Services
NAICS code 561612
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bonita Springs
In the Bonita Springs area, 3 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 156 employees (compared to this company's 429) and received an average PPP loan of $862,102 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Kim M Swope PA
Bonita Springs, FL
Summit Security LLC
Industry PPP Comparison Statistics
Nationwide, 14,660 businesses in the "Security Guards and Patrol Services" industry received a total of $1.46B 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 18 employees, 96% lower than Ramco Protective Of Orlando Inc's reported 429 employees, and received an average PPP loan of $99,483, 96% lower than this company's loan of $2.43M.
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Footnotes & Information
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