PPP Loan Data — Renaissance Company, Inc, Greenville, SC
Renaissance Company, Inc is a corporation located at 13b North Kings Road in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $45,917.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Renaissance Company, Inc in Greenville, SC received a Paycheck Protection Loan of $45,917 through Loan Source Incorporated, which was approved in April, 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, Renaissance Company, Inc's 2019 payroll expenses are estimated to be at least $220,402.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,101 per employee1
Reported PPP Proceed Usage:
On the PPP application, Renaissance Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,917
Business Information - Renaissance Company, Inc in Greenville, SC
13b North Kings Road
Greenville, SC 29605
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greenville
In the Greenville area, 20 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $39,049 (compared to this company's $45,917).
Similar Nearby Businesses Who Received PPP Funding:
Evergreen Custom Construction Inc
D&W Construction, LLC
Ramon Farinas Lastre
Majestic Builders, Inc
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 25% lower than Renaissance Company, Inc's reported 4 employees, and received an average PPP loan of $30,405, 34% lower than this company's loan of $45,917.
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Footnotes & Information
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