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PPP Loan Data — Romanoff Floor Covering, Inc., Smyrna, GA

SBA PPP loan data, payroll data, and salaries for Romanoff Floor Covering, Inc.
GA

Romanoff Floor Covering, Inc.

Entity: Sole Proprietorship

Industry: Flooring Contractors

Location: Smyrna, GA

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Romanoff Floor Covering, Inc. is a sole proprietorship located at 3100 Jonquil Drive in Smyrna, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,174,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 413 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.17M

Jobs Retained:

413

Loan Approved:

2020-04-27

Lender:

SONABANK

Romanoff Floor Covering, Inc. in Smyrna, GA received a Paycheck Protection Loan of $4.17M through SONABANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Romanoff Floor Covering, Inc.'s total 2019 payroll expenses were approximately $20.04M in order to qualify for the PPP loan amount received.

Based on their reported 413 jobs retained, this equals an estimated average yearly compensation of $48,521 per employee1.

Because the loan received by Romanoff Floor Covering, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Romanoff Floor Covering, Inc. in Smyrna, GA

Romanoff Floor Covering, Inc.
3100 Jonquil Drive
Smyrna, GA 30080

Business Industry

Flooring Contractors (NAICS code 238330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: GA-11

Similar Companies near Smyrna

In the Smyrna area, 2 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 207 employees (compared to this company's 413) and received an average PPP loan of $2,108,650 (compared to this company's $4.17M).

Similar Nearby Businesses Who Received PPP Funding:

Earl Smith Floors
Smyrna, GA

$42,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,459 businesses in the "Flooring Contractors" industry received a total of $864,656,941.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 99% lower than Romanoff Floor Covering, Inc.'s reported 413 employees, and received an average PPP loan of $75,457, 98% lower than this company's loan of $4.17M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/romanoff-floor-covering-inc-smyrna-ga