PPP Loan Data — Registered Agents Inc, Sheridan, WY
Registered Agents Inc is a corporation located at 30 N Gould St Ste 7001 in Sheridan, Wyoming that received a Coronavirus-related PPP loan from the SBA of $1,567,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Registered Agents Inc in Sheridan, WY received a Paycheck Protection Loan of $1.57M through bankcda, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Registered Agents Inc's 2019 payroll expenses are estimated to be at least $7.52M.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $43,744 per employee1
Reported PPP Proceed Usage:
On the PPP application, Registered Agents Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,567,500
Business Information - Registered Agents Inc in Sheridan, WY
30 N Gould St Ste 7001
Sheridan, WY 82801
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Sheridan
In the Sheridan area, 12 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 172) and received an average PPP loan of $156,660 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
RBI Business Management And Marketing
Summit360 Research LLC
Tequity Capital Partners LLC
Creative Dimensions LLC
Z&Z Associates LLC
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 97% lower than Registered Agents Inc's reported 172 employees, and received an average PPP loan of $49,465, 97% lower than this company's loan of $1.57M.
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Footnotes & Information
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