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PPP Loan Data — Renaissance Wellness LLC,
Newport News, VA
Renaissance Wellness LLC
Entity: Limited Liability Company (LLC)
Industry: Home Health Care Services
Location: Newport News, VA
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Renaissance Wellness LLC is a limited liability company (LLC) located at 751 Thimble Shoals Blvd in Newport News, Virginia that received a Coronavirus-related PPP loan from the SBA of $43,515.00 in February, 2021.
$
PPP Loan Information
Loan #3846188507
Loan Size:
Jobs Retained:
6Loan Approved:
2021-02-24Loan Status:
Paid in Full or ForgivenLender:
Cross River BankRenaissance Wellness LLC in Newport News, VA received a Paycheck Protection Loan of $43,515 through Cross River Bank, which was approved in February, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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 Wellness LLC's 2019 payroll expenses are estimated to be at least $208,872.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $34,812 per employee1
Reported PPP Proceed Usage:
On the PPP application, Renaissance Wellness LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $43,513
- Utilities: $1
Business Information - Renaissance Wellness LLC in Newport News, VA
751 Thimble Shoals Blvd
Newport News, VA 23606
Business Industry:
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Renaissance Wellness LLC.
C & S Accounting Associates Inc
Offices of Certified Public Accountants
Similar Companies near Newport News
In the Newport News area, 25 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 6) and received an average PPP loan of $145,389 (compared to this company's $43,515).
Similar Nearby Businesses Who Received PPP Funding:
Golden Heart Care LLC
Newport News, VA
Diane Boyd
Newport News, VA
Mireilles Home Healthcare Services
Newport News, VA
You Care In Our Hands Home Care Agency, LLC
Newport News, VA
Andresen Company LLC
Newport News, VA
Elite Elder Care LLC
Newport News, VA
Circle Of Life Home Care LLC
Newport News, VA
Another Chance
Newport News, VA
Nurturing Nurses Home Care LLC
Newport News, VA
Industry PPP Comparison Statistics
Nationwide, 87,627 businesses in the "Home Health Care Services" industry received a total of $7.58B 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 16 employees, 167% higher than Renaissance Wellness LLC's reported 6 employees, and received an average PPP loan of $86,486, 99% higher than this company's loan of $43,515.
Renaissance Wellness LLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Mental Health Practitioners (except Physicians)
Location: Newport News, VA
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Renaissance Wellness LLC is a limited liability company (LLC) located in Newport News, Virginia that received a Coronavirus-related PPP loan from the SBA of $19,995.00 in July, 2020.
$
PPP Loan Information
Loan #6287188100
Loan Size:
Jobs Retained:
1Loan Approved:
2020-07-21Loan Status:
Paid in Full or ForgivenLender:
Fundbox, Inc.Renaissance Wellness LLC in Newport News, VA received a Paycheck Protection Loan of $19,995 through Fundbox, Inc., which was approved in July, 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 June, 2021.
Reported PPP Proceed Usage:
On the PPP application, Renaissance Wellness LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,995
Business Information - Renaissance Wellness LLC in Newport News, VA
Newport News, VA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Offices of Mental Health Practitioners (except Physicians)
NAICS code 621330
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Newport News
In the Newport News area, 9 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $32,631 (compared to this company's $19,995).
Similar Nearby Businesses Who Received PPP Funding:
Gordon Wellness LLC
Newport News, VA
Rock Landing Psychological Group Plc
Newport News, VA
Peninsula Creative Counseling, LLC
Newport News, VA
Associated Counselors Of Tidewater, Inc
Newport News, VA
Each One Teach One
Newport News, VA
New Directions For Broken Families
Newport News, VA
Courtney Morgan
Newport News, VA
Industry PPP Comparison Statistics
Nationwide, 35,346 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $1.26B 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 4 employees, 300% higher than Renaissance Wellness LLC's reported 1 employees, and received an average PPP loan of $35,510, 78% higher than this company's loan of $19,995.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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