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PPP Loan Data — Romanoff Floor Covering, Inc.,
Smyrna, 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:
Jobs Retained:
413Loan Approved:
2020-04-27Lender:
SONABANKRomanoff 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.
Business Information - Romanoff Floor Covering, Inc. in Smyrna, GA
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-11Similar 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
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.
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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