PPP Loan Data — Redridge K9 LLC, Richmond, VA
Redridge K9 LLC is a limited liability company (LLC) located at 2276 John Rolfe Pkwy in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $24,960.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Redridge K9 LLC in Richmond, VA received a Paycheck Protection Loan of $24,960 through Bank of America, National Association, which was approved in May, 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, Redridge K9 LLC's 2019 payroll expenses are estimated to be at least $119,808.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,952 per employee1
Reported PPP Proceed Usage:
On the PPP application, Redridge K9 LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,960
Business Information - Redridge K9 LLC in Richmond, VA
2276 John Rolfe Pkwy
Richmond, VA 23233
Pet and Pet Supplies Stores
NAICS code 453910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,559 businesses in the "Pet and Pet Supplies Stores" industry received a total of $268.67M 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, 100% higher than Redridge K9 LLC's reported 4 employees, and received an average PPP loan of $48,330, 94% higher than this company's loan of $24,960.
FederalPay's PPP Information Policy
Footnotes & Information
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