PPP Loan Data — Renewal Centers, Inc, Tucson, AZ
Renewal Centers, Inc is a non-profit organization located at 7445 N. Oracle Suite 155 in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,012.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Renewal Centers, Inc in Tucson, AZ received a Paycheck Protection Loan of $25,012 through Cross River Bank, which was approved in April, 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 February, 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, Renewal Centers, Inc's 2019 payroll expenses are estimated to be at least $120,058.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,015 per employee1
Reported PPP Proceed Usage:
On the PPP application, Renewal Centers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,012
Business Information - Renewal Centers, Inc in Tucson, AZ
7445 N. Oracle Suite 155
Tucson, AZ 85704
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tucson
In the Tucson area, 9 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 4) and received an average PPP loan of $327,877 (compared to this company's $25,012).
Similar Nearby Businesses Who Received PPP Funding:
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The Grief & Wellness Group, Inc
Relational Advantage Inc
Colibri Center For Human Rights
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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, 300% higher than Renewal Centers, Inc's reported 4 employees, and received an average PPP loan of $117,860, 371% higher than this company's loan of $25,012.
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Footnotes & Information
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