PPP Loan Data — Renovo Solutions LLC, Irvine, CA
Renovo Solutions LLC
Entity: Limited Liability Company (LLC)
Location: Irvine, CATweet This • Search All PPP Data
Renovo Solutions LLC is a limited liability company (LLC) located at 4 Executive Cir Ste 185 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $4,586,450.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Renovo Solutions LLC received a Paycheck Protection Loan of $4.59M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Renovo Solutions LLC's total 2019 payroll expenses were approximately $22.01M in order to qualify for the PPP loan amount received.
Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $71,944 per employee1.
Business Information - Renovo Solutions LLC in Irvine, CA
4 Executive Cir Ste 185
Irvine, CA 92614
Other Electronic and Precision Equipment Repair and Maintenance (NAICS code 811219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-45
Similar Companies near Irvine
In the Irvine area, 2 businesses in the "Other Electronic and Precision Equipment Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 157 employees (compared to this company's 306) and received an average PPP loan of $2,302,585 (compared to this company's $4.59M).
Similar Nearby Businesses Who Received PPP Funding:
Irvine Detail, Inc.
Industry PPP Comparison Statistics
Nationwide, 2,660 businesses in the "Other Electronic and Precision Equipment Repair and Maintenance" industry received a total of $269,151,895.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 97% lower than Renovo Solutions LLC's reported 306 employees, and received an average PPP loan of $101,185, 98% lower than this company's loan of $4.59M.
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.
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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