PPP Loan Data — Rpjp, LLC, Austin, TX
Entity: Limited Liability Company (LLC)
Location: Austin, TXTweet This • Search All PPP Data
Rpjp, LLC is a limited liability company (LLC) located at 3267 Bee Caves Rd Ste 107 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $47,175.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:American Bank, National Association
Rpjp, LLC in Austin, TX received a Paycheck Protection Loan of $47,175 through American Bank, National Association, which was approved in April, 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 June, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 2 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Rpjp, LLC's 2019 payroll expenses are estimated to be at least $226,440 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Rpjp, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,175
Business Information - Rpjp, LLC in Austin, TX
3267 Bee Caves Rd Ste 107
Austin, TX 78746
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 64 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $29,133 (compared to this company's $47,175).
Similar Nearby Businesses Who Received PPP Funding:
Ian Wilson LLC
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Christopher Parrett DBA Point Man Investigations
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Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 100% higher than Rpjp, LLC's reported 2 employees, and received an average PPP loan of $34,329, 27% lower than this company's loan of $47,175.
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Footnotes & Information
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