PPP Loan Data — Rising Sun Developing, Inc, Lexington, KY
Rising Sun Developing, Inc is a subchapter s corporation located at 2555 Palumbo Dr in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,708,333.00 in May, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Rising Sun Developing, Inc received a Paycheck Protection Loan of $2.71M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Rising Sun Developing, Inc's total 2019 payroll expenses were approximately $13M in order to qualify for the PPP loan amount received.
Based on their reported 395 jobs retained, this equals an estimated average yearly compensation of $32,911 per employee1.
Business Information - Rising Sun Developing, Inc in Lexington, KY
2555 Palumbo Dr
Lexington, KY 40509
Land Subdivision (NAICS code 237210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-06
Similar Companies near Lexington
In the Lexington area, 2 businesses in the "Land Subdivision" industry received a PPP loan. These local businesses reported an average of 204 employees (compared to this company's 395) and received an average PPP loan of $1,426,367 (compared to this company's $2.71M).
Similar Nearby Businesses Who Received PPP Funding:
Commonwealth Designs, Inc
Industry PPP Comparison Statistics
Nationwide, 3,472 businesses in the "Land Subdivision" industry received a total of $375,266,179.00 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 9 employees, 98% lower than Rising Sun Developing, Inc's reported 395 employees, and received an average PPP loan of $108,084, 96% lower than this company's loan of $2.71M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!