PPP Loan Data — Residential Opportunities Inc., Kalamazoo, MI
Residential Opportunities Inc.
Entity: Non-profit Organization
Location: Kalamazoo, MITweet This • Search All PPP Data
Residential Opportunities Inc. is a non-profit organization located at 1100 S Rose St in Kalamazoo, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,842,600.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Residential Opportunities Inc. received a Paycheck Protection Loan of $2.84M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Residential Opportunities Inc.'s total 2019 payroll expenses were approximately $13.64M in order to qualify for the PPP loan amount received.
Based on their reported 418 jobs retained, this equals an estimated average yearly compensation of $32,642 per employee1.
Business Information - Residential Opportunities Inc. in Kalamazoo, MI
1100 S Rose St
Kalamazoo, MI 49001
Residential Mental Health and Substance Abuse Facilities (NAICS code 623220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-06
Industry PPP Comparison Statistics
Nationwide, 2,121 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $773,399,773.00 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 38 employees, 91% lower than Residential Opportunities Inc.'s reported 418 employees, and received an average PPP loan of $364,639, 87% lower than this company's loan of $2.84M.
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