PPP Loan Data — Rendleman Rentals Inc, Kearney, MO
Rendleman Rentals Inc
Location: Kearney, MOTweet This • Search All PPP Data
Rendleman Rentals Inc is a corporation located at 1403 S Prospect St in Kearney, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,496.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Academy Bank, National Association
Rendleman Rentals Inc in Kearney, MO received a Paycheck Protection Loan of $25,496 through Academy Bank, National Association, which was approved in May, 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 April, 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, Rendleman Rentals Inc's 2019 payroll expenses are estimated to be at least $122,381.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,794 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rendleman Rentals Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,496
Business Information - Rendleman Rentals Inc in Kearney, MO
1403 S Prospect St
Kearney, MO 64060
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
NAICS code 532490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kearney
In the Kearney area, 2 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $17,263 (compared to this company's $25,496).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 7,022 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $1.01B 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 12 employees, 300% higher than Rendleman Rentals Inc's reported 3 employees, and received an average PPP loan of $143,576, 463% higher than this company's loan of $25,496.
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Footnotes & Information
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