PPP Loan Data — Riverside Management Company LLC, Little Rock, AR
Riverside Management Company LLC is a limited liability company (LLC) located at 5624 Baseline Road in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Riverside Management Company LLC in Little Rock, AR received a Paycheck Protection Loan of $25,000 through Bank OZK, 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, Riverside Management Company 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, Riverside Management Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Riverside Management Company LLC in Little Rock, AR
5624 Baseline Road
Little Rock, AR 72209
Household Appliance Stores
NAICS code 443141
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,811 businesses in the "Household Appliance Stores" industry received a total of $291M 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 9 employees, 80% higher than Riverside Management Company LLC's reported 5 employees, and received an average PPP loan of $76,358, 205% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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