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

PPP Loan Data — Ronald D. Howard Inc, Honolulu, HI

ALERT: There are 2 PPP loans for a total of $5.29M in our database for businesses with the name "Ronald D. Howard Inc" in Honolulu, HI. 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 Ronald D. Howard Inc
HI

Ronald D. Howard Inc

Entity: Corporation

Industry: Corporate, Subsidiary, and Regional Managing Offices

Location: Honolulu, HI

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Ronald D. Howard Inc is a corporation located at 1540 S King St in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

$ PPP Loan Information
Loan #6426328607

Loan Size:

$2M
PPP Funds Undisbursed

Jobs Retained:

108

Loan Approved:

2021-03-23

Loan Status:

Active Un-Disbursed

Lender:

First Hawaiian Bank

Ronald D. Howard Inc in Honolulu, HI received a Paycheck Protection Loan of $2M through First Hawaiian Bank, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 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, Ronald D. Howard Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 108 jobs retained, this equals an estimated average yearly compensation of $88,889 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ronald D. Howard Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Ronald D. Howard 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 - Ronald D. Howard Inc in Honolulu, HI

Ronald D. Howard Inc
1540 S King St
Honolulu, HI 96826

Business Industry:
Corporate, Subsidiary, and Regional Managing Offices
NAICS code 551114

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: Y

HUBZone: N

Rural / Urban: Urban

Honolulu County, HI — SBA Office 0951 — Congressional District: HI-01

Similar Companies near Honolulu

In the Honolulu area, 6 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 108) and received an average PPP loan of $394,305 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 2,596 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $389.46M 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 15 employees, 86% lower than Ronald D. Howard Inc's reported 108 employees, and received an average PPP loan of $150,022, 92% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Ronald D Howard, Inc
HI

Ronald D Howard, Inc

Entity: Corporation

Industry: Travel Agencies

Location: Honolulu, HI

Search All PPP Data

Ronald D Howard, Inc is a corporation located at 1540 S King St in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $3,286,400.00 in April, 2020.

$ PPP Loan Information
Loan #5318657004

Loan Size:

$3.29M

Jobs Retained:

333

Loan Approved:

2020-04-05

Loan Status:

Ongoing Loan

Lender:

First Hawaiian Bank

Ronald D Howard, Inc in Honolulu, HI received a Paycheck Protection Loan of $3.29M through First Hawaiian Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Ronald D Howard, Inc's 2019 payroll expenses are estimated to be at least $15.77M.

Based on their reported 333 jobs retained, this equals an estimated average yearly compensation of $47,372 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ronald D Howard, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,286,400
Because the loan received by Ronald D Howard, 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 - Ronald D Howard, Inc in Honolulu, HI

Ronald D Howard, Inc
1540 S King St
Honolulu, HI 96826

Business Industry:
Travel Agencies
NAICS code 561510

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: Y

HUBZone: Y

Rural / Urban: Urban

Honolulu County, HI — SBA Office 0951 — Congressional District: HI-01

Similar Companies near Honolulu

In the Honolulu area, 14 businesses in the "Travel Agencies" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 333) and received an average PPP loan of $293,027 (compared to this company's $3.29M).

Industry PPP Comparison Statistics

Nationwide, 17,313 businesses in the "Travel Agencies" industry received a total of $823.25M 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 5 employees, 98% lower than Ronald D Howard, Inc's reported 333 employees, and received an average PPP loan of $47,551, 99% lower than this company's loan of $3.29M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ronald-d-howard-inc-honolulu-hi