PPP Loan Data — Reign Maker Visual Communications LLC, Callicoon, NY
Reign Maker Visual Communications LLC is a subchapter s corporation located at 246 Robisch Hill Road,246 Robisch Hill Road in Callicoon, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
The company has reported itself as a White female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Reign Maker Visual Communications LLC in Callicoon, NY received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in July, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Reign Maker Visual Communications LLC's 2019 payroll expenses are estimated to be at least $120,000 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Reign Maker Visual Communications LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Reign Maker Visual Communications LLC in Callicoon, NY
246 Robisch Hill Road,246 Robisch Hill Road
Callicoon, NY 12723
Geophysical Surveying and Mapping Services
NAICS code 541360
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,366 businesses in the "Geophysical Surveying and Mapping Services" industry received a total of $192.2M 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 10 employees, 900% higher than Reign Maker Visual Communications LLC's reported 1 employees, and received an average PPP loan of $140,702, 463% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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