PPP Loan Data — Ryjo LLC, Atlanta, GA
Ryjo LLC is a limited liability company (LLC) located at 290 Hilderbrand Drive Ste B-3 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Ryjo LLC in Atlanta, GA received a Paycheck Protection Loan of $46,300 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 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 March, 2021.
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, Ryjo LLC's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,520 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ryjo LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Ryjo LLC in Atlanta, GA
290 Hilderbrand Drive Ste B-3
Atlanta, GA 30328
Electronic Shopping and Mail-Order Houses
NAICS code 454110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 18 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 12) and received an average PPP loan of $22,844 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Sandy Springs, GA
Girl Plus God Inc
Checkmate Associates LLC
Industry PPP Comparison Statistics
Nationwide, 22,717 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $954.6M 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 4 employees, 67% lower than Ryjo LLC's reported 12 employees, and received an average PPP loan of $42,021, 9% lower than this company's loan of $46,300.
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Footnotes & Information
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