PPP Loan Data — Red Light Management LLC, Charlottesville, VA
Red Light Management LLC is a limited liability company (LLC) located at 455 Second Street Se in Charlottesville, Virginia that received a Coronavirus-related PPP loan from the SBA of $4,889,800.00 in April, 2020.
$ PPP Loan Information
Lender:BLUE RIDGE BANK, NATIONAL ASSOCIATION
Red Light Management LLC received a Paycheck Protection Loan of $4.89M through BLUE RIDGE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Red Light Management LLC's total 2019 payroll expenses were approximately $23.47M in order to qualify for the PPP loan amount received.
Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $81,781 per employee1.
Business Information - Red Light Management LLC in Charlottesville, VA
455 Second Street Se
Charlottesville, VA 22902
Musical Groups and Artists (NAICS code 711130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-05
Similar Companies near Charlottesville
In the Charlottesville area, 16 businesses in the "Musical Groups and Artists" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 287) and received an average PPP loan of $406,610 (compared to this company's $4.89M).
Similar Nearby Businesses Who Received PPP Funding:
The Municipal Band Of Charlottesville, Incorporated
Three Flights Touring, Inc.
Humberto O. Sales
J Peter C Markush
Black Angels Touring
Colden Grey, LTD
Love Canon LLC
Kool Kats Inc.
Industry PPP Comparison Statistics
Nationwide, 6,520 businesses in the "Musical Groups and Artists" industry received a total of $269,690,233.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Red Light Management LLC's reported 287 employees, and received an average PPP loan of $41,364, 99% lower than this company's loan of $4.89M.
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Footnotes & Information
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