PPP Loan Data — Redico, LLC, Southfield, MI
Entity: Limited Liability Company (LLC)
Location: Southfield, MITweet This • Search All PPP Data
Redico, LLC is a limited liability company (LLC) located at 1 Towne Square Suite 1600 in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,735,900.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Redico, LLC in Southfield, MI received a Paycheck Protection Loan of $4.74M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Redico, LLC's total 2019 payroll expenses were approximately $22.73M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $90,929 per employee1.
Business Information - Redico, LLC in Southfield, MI
1 Towne Square Suite 1600
Southfield, MI 48076
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-14
Similar Companies near Southfield
In the Southfield area, 4 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 250) and received an average PPP loan of $1,257,854 (compared to this company's $4.74M).
Similar Nearby Businesses Who Received PPP Funding:
DA Real Estate Consulting, LLC
Supreme Team Disaster Unit, LLC
Above The Rest General Construction Inc.
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 95% lower than Redico, LLC's reported 250 employees, and received an average PPP loan of $203,235, 96% lower than this company's loan of $4.74M.
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Footnotes & Information
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