PPP Loan Data — RLA Sales Inc, Oswego, IL
RLA Sales Inc is a subchapter s corporation located at 2616a Plainfield Rd in Oswego, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,262.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
RLA Sales Inc in Oswego, IL received a Paycheck Protection Loan of $25,262 through JPMorgan Chase Bank, National Association, 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, RLA Sales Inc's 2019 payroll expenses are estimated to be at least $121,258 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, RLA Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,262
Business Information - RLA Sales Inc in Oswego, IL
2616a Plainfield Rd
Oswego, IL 60543
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oswego
In the Oswego area, 27 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $21,833 (compared to this company's $25,262).
Similar Nearby Businesses Who Received PPP Funding:
Rich Linton Decorating
Y & R Trucking Inc
North Aurora, IL
North Aurora, IL
Tiffany's Entertainment, Inc
Wheatland Technologies Inc
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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, 500% higher than RLA Sales Inc's reported 1 employees, and received an average PPP loan of $49,465, 96% higher than this company's loan of $25,262.
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Footnotes & Information
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