Revlocal, LLC in Granville, OH - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Revlocal, LLC, Granville, OH

Revlocal, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Telecommunications

Location: Granville, OH

Revlocal, LLC is a limited liability company (LLC) located at 4009 Columbus Road in Granville, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,686,030.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 425 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.69M

Jobs Retained:

425

Loan Approved:

2020-04-07

Lender:

THE PARK NATIONAL BANK

Revlocal, LLC in Granville, OH received a Paycheck Protection Loan of $4.69M through THE PARK NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Revlocal, LLC's total 2019 payroll expenses were approximately $22.49M in order to qualify for the PPP loan amount received.

Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $52,925 per employee¹.

Because the loan received by Revlocal, LLC 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 - Revlocal, LLC in Granville, OH

Revlocal, LLC
4009 Columbus Road
Granville, OH 43023

Business Industry

All Other Telecommunications (NAICS code 517919)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OH-12

Industry PPP Comparison Statistics

Nationwide, 6,603 businesses in the "All Other Telecommunications" industry received a total of $691,992,618.00 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, 98% lower than Revlocal, LLC's reported 425 employees, and received an average PPP loan of $104,800, 98% lower than this company's loan of $4.69M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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