PPP Loan Data — RAN Corporation, Jacksonville, FL
RAN Corporation is a subchapter s corporation located at 1650-302 Margaret St in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $25,078.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
RAN Corporation in Jacksonville, FL received a Paycheck Protection Loan of $25,078 through VyStar CU, 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, RAN Corporation's 2019 payroll expenses are estimated to be at least $120,374.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,047 per employee1
Reported PPP Proceed Usage:
On the PPP application, RAN Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,000
- Mortgage Interest: $6,078
Business Information - RAN Corporation in Jacksonville, FL
1650-302 Margaret St
Jacksonville, FL 32204
General Line Grocery Merchant Wholesalers
NAICS code 424410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 35 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $32,604 (compared to this company's $25,078).
Similar Nearby Businesses Who Received PPP Funding:
C Robinson Associates, Inc
Lawrence Earley Construction Inc
3 Birds Coaching And Consulting
Carol F Wallis
Super Duck Child Care Inc
Auto Source Of Jax Inc
Industry PPP Comparison Statistics
Nationwide, 6,428 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $753.1M 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 13 employees, 63% higher than RAN Corporation's reported 8 employees, and received an average PPP loan of $117,159, 367% higher than this company's loan of $25,078.
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Footnotes & Information
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