PPP Loan Data — RGD Painting LLC, Reston, VA
RGD Painting LLC
Entity: Sole Proprietorship
Location: Reston, VATweet This • Search All PPP Data
RGD Painting LLC is a sole proprietorship located at 12121 Captiva Ct in Reston, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
RGD Painting LLC in Reston, VA received a Paycheck Protection Loan of $25,000 through Customers Bank, which was approved in April, 2020.
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, RGD Painting LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, RGD Painting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - RGD Painting LLC in Reston, VA
12121 Captiva Ct
Reston, VA 20191
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Reston
In the Reston area, 24 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $119,441 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Sterling Foundation Management, LLC
Motion Events, LLC
Davelle By David LTD
Greenbriar Oceanaire Gold Management LLC
Porky Golf LLC
RK Market LLC
R. Bruce Hall & Assoc, CPAs
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, 20% lower than RGD Painting LLC's reported 5 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
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Footnotes & Information
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