PPP Loan Data — Ritu LLC, Lawrence, KS
Ritu LLC is a limited liability company (LLC) located at 3131 Nieder Rd in Lawrence, Kansas that received a Coronavirus-related PPP loan from the SBA of $25,050.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Ritu LLC in Lawrence, KS received a Paycheck Protection Loan of $25,050 through Core 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, Ritu LLC's 2019 payroll expenses are estimated to be at least $120,240.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,030 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ritu LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,050
Business Information - Ritu LLC in Lawrence, KS
3131 Nieder Rd
Lawrence, KS 66047
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lawrence
In the Lawrence area, 12 businesses in the "Beer, Wine, and Liquor Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 8) and received an average PPP loan of $27,016 (compared to this company's $25,050).
Similar Nearby Businesses Who Received PPP Funding:
D&G Enterprises LLC
Tenth Avenue Liquor, LLC
Ross's Liquor Store
South Mountain LLC
Broadway Liquor LLC
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 25% lower than Ritu LLC's reported 8 employees, and received an average PPP loan of $31,617, 26% higher than this company's loan of $25,050.
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Footnotes & Information
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