PPP Loan Data — Reynolds Carpet Care, LLC, Montgomery, AL
Reynolds Carpet Care, LLC
Entity: Subchapter S Corporation
Location: Montgomery, ALTweet This • Search All PPP Data
Reynolds Carpet Care, LLC is a subchapter s corporation located at 515 N Maryland St in Montgomery, Alabama that received a Coronavirus-related PPP loan from the SBA of $24,962.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Reynolds Carpet Care, LLC in Montgomery, AL received a Paycheck Protection Loan of $24,962 through BBVA USA, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Reynolds Carpet Care, LLC's 2019 payroll expenses are estimated to be at least $119,818.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,939 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reynolds Carpet Care, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,962
Business Information - Reynolds Carpet Care, LLC in Montgomery, AL
515 N Maryland St
Montgomery, AL 36107
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Montgomery
In the Montgomery area, 28 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $20,990 (compared to this company's $24,962).
Similar Nearby Businesses Who Received PPP Funding:
Parks Pharmacy Inc
C Weil Enterprises, Inc
Tactical Retrieval & Security Unit LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 33% higher than Reynolds Carpet Care, LLC's reported 3 employees, and received an average PPP loan of $34,329, 38% higher than this company's loan of $24,962.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!