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PPP Loan Data — Redi-Floors, Inc., Marietta, GA

SBA PPP loan data, payroll data, and salaries for Redi-Floors, Inc.

Redi-Floors, Inc.

Entity: Subchapter S Corporation

Industry: Flooring Contractors

Location: Marietta, GA

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Redi-Floors, Inc. is a subchapter s corporation located at 1791 Williams Drive in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,444,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Redi-Floors, Inc. in Marietta, GA received a Paycheck Protection Loan of $4.44M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Redi-Floors, Inc.'s total 2019 payroll expenses were approximately $21.33M in order to qualify for the PPP loan amount received.

Based on their reported 390 jobs retained, this equals an estimated average yearly compensation of $54,704 per employee1.

Because the loan received by Redi-Floors, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Redi-Floors, Inc. in Marietta, GA

Redi-Floors, Inc.
1791 Williams Drive
Marietta, GA 30066

Business Industry

Flooring Contractors (NAICS code 238330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-11

Similar Companies near Marietta

In the Marietta area, 7 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 390) and received an average PPP loan of $697,312 (compared to this company's $4.44M).

Industry PPP Comparison Statistics

Nationwide, 11,459 businesses in the "Flooring Contractors" industry received a total of $864,656,941.00 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 Redi-Floors, Inc.'s reported 390 employees, and received an average PPP loan of $75,457, 98% lower than this company's loan of $4.44M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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 - The Civil Employee's Resource **