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PPP Loan Data — Renhill Holdings, Inc., Toledo, OH

SBA PPP loan data, payroll data, and salaries for Renhill Holdings, Inc.
OH

Renhill Holdings, Inc.

Entity: Subchapter S Corporation

Industry: Temporary Help Services

Location: Toledo, OH

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Renhill Holdings, Inc. is a subchapter s corporation located at 2650 Reynolds Rd in Toledo, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,795,500.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 300 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.8M

Jobs Retained:

300

Loan Approved:

2020-04-27

Lender:

WATERFORD BANK, NATIONAL ASSOCIATION

Renhill Holdings, Inc. received a Paycheck Protection Loan of $4.8M through WATERFORD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Renhill Holdings, Inc.'s total 2019 payroll expenses were approximately $23.02M in order to qualify for the PPP loan amount received.

Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $76,728 per employee1.

Because the loan received by Renhill Holdings, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Renhill Holdings, Inc. in Toledo, OH

Renhill Holdings, Inc.
2650 Reynolds Rd
Toledo, OH 43615

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: OH-05

Similar Companies near Toledo

In the Toledo area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 300) and received an average PPP loan of $1,872,740 (compared to this company's $4.8M).

Industry PPP Comparison Statistics

Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 61 employees, 80% lower than Renhill Holdings, Inc.'s reported 300 employees, and received an average PPP loan of $608,834, 87% lower than this company's loan of $4.8M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/renhill-holdings-inc-toledo-oh