PPP Loan Data — Roman Madison Indiana Inc, Louisville, KY
Roman Madison Indiana Inc is a corporation located at 7600 Shepherdsville Road in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Republic Bank & Trust Company
Roman Madison Indiana Inc in Louisville, KY received a Paycheck Protection Loan of $46,600 through Republic Bank & Trust Company, which was approved in May, 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 May, 2021.
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, Roman Madison Indiana Inc's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,912 per employee1
Reported PPP Proceed Usage:
On the PPP application, Roman Madison Indiana Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,600
Business Information - Roman Madison Indiana Inc in Louisville, KY
7600 Shepherdsville Road
Louisville, KY 40219
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 78 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 15) and received an average PPP loan of $83,702 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
Cuba Y Mas
Roman Bardstown Road Inc
Romans No 3 Inc
Omar Quintero Diaz
Las Cazuelas LLC
El Nopal Mexican Restaurant, Fern Valley, Inc
Western Hills Chicken Coop LLC
El Nopal Eastern Parkway, Inc
El Nopal-La Grange Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 47% higher than Roman Madison Indiana Inc's reported 15 employees, and received an average PPP loan of $129,504, 178% higher than this company's loan of $46,600.
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Footnotes & Information
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