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PPP Loan Data — Renaissance Acquisition Company LLC,
Indianapolis, IN
Renaissance Acquisition Company LLC
Entity: Limited Liability Company (LLC)
Industry: Trust, Fiduciary, and Custody Activities
Location: Indianapolis, IN
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Renaissance Acquisition Company LLC is a limited liability company (LLC) located at 8910 Purdue Road in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,513,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
184Loan Approved:
2020-04-08Lender:
THE NATIONAL BANK OF INDIANAPOLISRenaissance Acquisition Company LLC in Indianapolis, IN received a Paycheck Protection Loan of $3.51M through THE NATIONAL BANK OF INDIANAPOLIS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Renaissance Acquisition Company LLC's total 2019 payroll expenses were approximately $16.87M in order to qualify for the PPP loan amount received.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $91,659 per employee1.
Business Information - Renaissance Acquisition Company LLC in Indianapolis, IN
8910 Purdue Road
Indianapolis, IN 46268
Business Industry
Trust, Fiduciary, and Custody Activities (NAICS code 523991)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IN-05Industry PPP Comparison Statistics
Nationwide, 951 businesses in the "Trust, Fiduciary, and Custody Activities" industry received a total of $113,336,443.00 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 8 employees, 96% lower than Renaissance Acquisition Company LLC's reported 184 employees, and received an average PPP loan of $119,176, 97% lower than this company's loan of $3.51M.
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.
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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