PPP Loan Data — Ryndon Gas And Food, Elko, NV
Ryndon Gas And Food is a limited liability company (LLC) located at 5870 Coal Mine Canyon Rd in Elko, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,262.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Ryndon Gas And Food in Elko, NV received a Paycheck Protection Loan of $25,262 through Cross River Bank, which was approved in May, 2020.
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, Ryndon Gas And Food's 2019 payroll expenses are estimated to be at least $121,258.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,210 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ryndon Gas And Food reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,262
Business Information - Ryndon Gas And Food in Elko, NV
5870 Coal Mine Canyon Rd
Elko, NV 89801
All Other Specialty Food Stores
NAICS code 445299
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Elko
In the Elko area, 3 businesses in the "All Other Specialty Food Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $31,609 (compared to this company's $25,262).
Similar Nearby Businesses Who Received PPP Funding:
Cowboy Joe Coffee Roasters
Industry PPP Comparison Statistics
Nationwide, 13,977 businesses in the "All Other Specialty Food Stores" industry received a total of $690.79M 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 11 employees, 83% higher than Ryndon Gas And Food's reported 6 employees, and received an average PPP loan of $49,423, 96% higher than this company's loan of $25,262.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!