PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Ranew's Management Company Inc, Milner, GA

ALERT: There are 2 PPP loans for a total of $3.01M in our database for businesses with the name "Ranew's Management Company Inc" in Milner, 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 Ranew's Management Company Inc
GA

Ranew's Management Company Inc

Entity: Subchapter S Corporation

Industry: Employment Placement Agencies

Location: Milner, GA

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Ranew's Management Company Inc is a subchapter s corporation located at 1308 Highway 41 N in Milner, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,502,900.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least 254 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2112508307

Loan Size:

$1.5M

Jobs Retained:

254

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

United Bank

Ranew's Management Company Inc in Milner, GA received a Paycheck Protection Loan of $1.5M through United Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Ranew's Management Company Inc's 2019 payroll expenses are estimated to be at least $7.21M.

Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $28,401 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ranew's Management Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,502,898
  • Utilities: $1

Business Information - Ranew's Management Company Inc in Milner, GA

Ranew's Management Company Inc
1308 Highway 41 N
Milner, GA 30257

Business Industry:
Employment Placement Agencies
NAICS code 561311

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Rural

Lamar County, GA — SBA Office 0405 — Congressional District: GA-03

Industry PPP Comparison Statistics

Nationwide, 12,601 businesses in the "Employment Placement Agencies" industry received a total of $3.48B 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 35 employees, 86% lower than Ranew's Management Company Inc's reported 254 employees, and received an average PPP loan of $275,915, 82% lower than this company's loan of $1.5M.

SBA PPP loan data, payroll data, and salaries for Ranew's Management Company, Inc
GA

Ranew's Management Company, Inc

Entity: Subchapter S Corporation

Industry: Motor Vehicle Body Manufacturing

Location: Milner, GA

Search All PPP Data

Ranew's Management Company, Inc is a subchapter s corporation located at 1308 Highway 41 N in Milner, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,502,900.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 160 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6242067001

Loan Size:

$1.5M

Jobs Retained:

160

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

United Bank

Ranew's Management Company, Inc in Milner, GA received a Paycheck Protection Loan of $1.5M through United Bank, which was approved in April, 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 April, 2021.

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, Ranew's Management Company, Inc's 2019 payroll expenses are estimated to be at least $7.21M.

Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $45,087 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ranew's Management Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,127,125
  • Utilities: $100,000
  • Mortgage Interest: $275,775

Business Information - Ranew's Management Company, Inc in Milner, GA

Ranew's Management Company, Inc
1308 Highway 41 N
Milner, GA 30257

Business Industry:
Motor Vehicle Body Manufacturing
NAICS code 336211

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Rural

Lamar County, GA — SBA Office 0405 — Congressional District: GA-03

Similar Companies near Milner

In the Milner area, 2 businesses in the "Motor Vehicle Body Manufacturing" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 160) and received an average PPP loan of $892,900 (compared to this company's $1.5M).

Similar Nearby Businesses Who Received PPP Funding:

K & K Manufacturing Inc
Milner, GA

$282,900 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 835 businesses in the "Motor Vehicle Body Manufacturing" industry received a total of $248.12M 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 28 employees, 83% lower than Ranew's Management Company, Inc's reported 160 employees, and received an average PPP loan of $297,150, 80% lower than this company's loan of $1.5M.

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/ranews-management-company-inc-milner-ga