PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Robin Ruth Maine LLC, Woolwich, ME

ALERT: There are 2 PPP loans for a total of $9,423 in our database for businesses with the name "Robin Ruth Maine LLC" in Woolwich, ME. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Robin Ruth Maine LLC
ME

Robin Ruth Maine LLC

Entity: Limited Liability Company (LLC)

Industry: Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

Location: Woolwich, ME

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Robin Ruth Maine LLC is a limited liability company (LLC) located at 65 Norway Dr in Woolwich, Maine that received a Coronavirus-related PPP loan from the SBA of $4,723.00 in March, 2021.

$ PPP Loan Information
Loan #7111918509

Loan Size:

$4,723

Jobs Retained:

2

Loan Approved:

2021-03-05

Loan Status:

Paid in Full or Forgiven

Lender:

Bath Savings Institution

Robin Ruth Maine LLC in Woolwich, ME received a Paycheck Protection Loan of $4,723 through Bath Savings Institution, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Robin Ruth Maine LLC's 2019 payroll expenses are estimated to be at least $22,670.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $11,335 per employee1

Reported PPP Proceed Usage:

On the PPP application, Robin Ruth Maine LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,722

Business Information - Robin Ruth Maine LLC in Woolwich, ME

Robin Ruth Maine LLC
65 Norway Dr
Woolwich, ME 4579

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Sagadahoc County, ME — SBA Office 0172 — Congressional District: ME-01

Industry PPP Comparison Statistics

Nationwide, 18,969 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a total of $909.5M 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 4 employees, 100% higher than Robin Ruth Maine LLC's reported 2 employees, and received an average PPP loan of $47,946, 915% higher than this company's loan of $4,723.

SBA PPP loan data, payroll data, and salaries for Robin Ruth Maine, LLC
ME

Robin Ruth Maine, LLC

Entity: Limited Liability Company (LLC)

Industry: Unclassified Establishments

Location: Woolwich, ME

Search All PPP Data

Robin Ruth Maine, LLC is a limited liability company (LLC) located at 65 Norway Dr in Woolwich, Maine that received a Coronavirus-related PPP loan from the SBA of $4,700.00 in April, 2020.

$ PPP Loan Information
Loan #1040347306

Loan Size:

$4,700

Jobs Retained:

2

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Bath Savings Institution

Robin Ruth Maine, LLC in Woolwich, ME received a Paycheck Protection Loan of $4,700 through Bath Savings Institution, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Robin Ruth Maine, LLC's 2019 payroll expenses are estimated to be at least $22,560.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $11,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, Robin Ruth Maine, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,700

Business Information - Robin Ruth Maine, LLC in Woolwich, ME

Robin Ruth Maine, LLC
65 Norway Dr
Woolwich, ME 4579

Business Industry:
Unclassified Establishments
NAICS code 999990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Sagadahoc County, ME — SBA Office 0172 — Congressional District: ME-01

Similar Companies near Woolwich

In the Woolwich area, 2 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $14,810 (compared to this company's $4,700).

Similar Nearby Businesses Who Received PPP Funding:

Sunrise Partners LLC
Woolwich, ME

$24,920 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 400% higher than Robin Ruth Maine, LLC's reported 2 employees, and received an average PPP loan of $42,861, 812% higher than this company's loan of $4,700.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/robin-ruth-maine-llc-woolwich-me