PPP Loan Data — RE-Cell Electronics, Independence, MO
RE-Cell Electronics is a limited liability company (LLC) located at 1214 S Noland Rd Ste A in Independence, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
RE-Cell Electronics in Independence, MO received a Paycheck Protection Loan of $25,000 through CommunityAmerica 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, RE-Cell Electronics' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, RE-Cell Electronics reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - RE-Cell Electronics in Independence, MO
1214 S Noland Rd Ste A
Independence, MO 64055
NAICS code 443142
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Independence
In the Independence area, 3 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $45,542 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Absolute Systems LLC
DSR Partners Inc
Industry PPP Comparison Statistics
Nationwide, 13,096 businesses in the "Electronics Stores" industry received a total of $848.58M 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 8 employees, 300% higher than RE-Cell Electronics' reported 2 employees, and received an average PPP loan of $64,797, 159% higher than this company's loan of $25,000.
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Footnotes & Information
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