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

PPP Loan Data — Ronpak, Inc., Shreveport, LA

SBA PPP loan data, payroll data, and salaries for Ronpak, Inc.
LA

Ronpak, Inc.

Entity: Subchapter S Corporation

Industry: Paper Bag and Coated and Treated Paper Manufacturing

Location: Shreveport, LA

Search All PPP Data

Ronpak, Inc. is a subchapter s corporation located at 1 Nathan Sedley Road in Shreveport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,554,835.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.55M

Jobs Retained:

500

Loan Approved:

2020-04-13

Lender:

KEYBANK NATIONAL ASSOCIATION

Ronpak, Inc. received a Paycheck Protection Loan of $4.55M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ronpak, Inc.'s total 2019 payroll expenses were approximately $21.86M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $43,726 per employee1.

Because the loan received by Ronpak, 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 - Ronpak, Inc. in Shreveport, LA

Ronpak, Inc.
1 Nathan Sedley Road
Shreveport, LA 71115

Business Industry

Paper Bag and Coated and Treated Paper Manufacturing (NAICS code 322220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-04

Industry PPP Comparison Statistics

Nationwide, 326 businesses in the "Paper Bag and Coated and Treated Paper Manufacturing" industry received a total of $157,262,979.00 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 38 employees, 92% lower than Ronpak, Inc.'s reported 500 employees, and received an average PPP loan of $482,402, 89% lower than this company's loan of $4.55M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ronpak-inc-shreveport-la