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PPP Loan Data — Rentex Inc, Canton, MA

SBA PPP loan data, payroll data, and salaries for Rentex Inc

Rentex Inc

Entity: Corporation

Industry: Office Machinery and Equipment Rental and Leasing

Location: Canton, MA

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Rentex Inc is a corporation located at 110 Shawmut Road in Canton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,194,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 370 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Rentex Inc received a Paycheck Protection Loan of $4.19M through BOSTON PRIVATE BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Rentex Inc's total 2019 payroll expenses were approximately $20.14M in order to qualify for the PPP loan amount received.

Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $54,419 per employee1.

Because the loan received by Rentex 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 - Rentex Inc in Canton, MA

Rentex Inc
110 Shawmut Road
Canton, MA 2021

Business Industry

Office Machinery and Equipment Rental and Leasing (NAICS code 532420)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional District: MA-08

Industry PPP Comparison Statistics

Nationwide, 767 businesses in the "Office Machinery and Equipment Rental and Leasing" industry received a total of $145,896,756.00 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 14 employees, 96% lower than Rentex Inc's reported 370 employees, and received an average PPP loan of $190,217, 95% lower than this company's loan of $4.19M.

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 - The Civil Employee's Resource **