PPP Loan Data — ROI Revolution Inc, Raleigh, NC
ROI Revolution Inc is a corporation located at 4401 Atlantic Ave in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,539,429.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
ROI Revolution Inc in Raleigh, NC received a Paycheck Protection Loan of $2.54M through Bank of America, National Association, which was approved in May, 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, ROI Revolution Inc's 2019 payroll expenses are estimated to be at least $12.19M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $82,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, ROI Revolution Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,539,429
Business Information - ROI Revolution Inc in Raleigh, NC
4401 Atlantic Ave
Raleigh, NC 27604
NAICS code 541810
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Raleigh
In the Raleigh area, 18 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 148) and received an average PPP loan of $252,248 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Dream Up LLC
Christian & Associates Inc
Winnow Creative LLC
Chair 8 Media
Copper Urban LLC
Avenir Bold Inc
Brooks Bell Interactive Inc
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 95% lower than ROI Revolution Inc's reported 148 employees, and received an average PPP loan of $99,714, 96% lower than this company's loan of $2.54M.
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Footnotes & Information
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