PPP Loan Data — RC Income Fund LLC, Chantilly, VA
RC Income Fund LLC is a limited liability company (LLC) located at 42637 Bradfords Telegraph Ct in Chantilly, Virginia that received a Coronavirus-related PPP loan from the SBA of $45,907.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Sandy Spring Bank
RC Income Fund LLC in Chantilly, VA received a Paycheck Protection Loan of $45,907 through Sandy Spring 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 May, 2021.
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, RC Income Fund LLC's 2019 payroll expenses are estimated to be at least $220,354.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $11,018 per employee1
Reported PPP Proceed Usage:
On the PPP application, RC Income Fund LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,907
Business Information - RC Income Fund LLC in Chantilly, VA
42637 Bradfords Telegraph Ct
Chantilly, VA 20152
NAICS code 523920
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chantilly
In the Chantilly area, 2 businesses in the "Portfolio Management" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 20) and received an average PPP loan of $26,079 (compared to this company's $45,907).
Similar Nearby Businesses Who Received PPP Funding:
Sr&Bn Investments Inc
Industry PPP Comparison Statistics
Nationwide, 6,153 businesses in the "Portfolio Management" industry received a total of $512.81M 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 6 employees, 70% lower than RC Income Fund LLC's reported 20 employees, and received an average PPP loan of $83,343, 82% higher than this company's loan of $45,907.
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Footnotes & Information
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