PPP Loan Data — Rzepka Painting Inc, University Heights, OH
Rzepka Painting Inc is a subchapter s corporation located at 4098 Silsby Rd in University Heights, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Rzepka Painting Inc in University Heights, OH received a Paycheck Protection Loan of $25,000 through Citizens Bank, National Association, which was approved in April, 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, Rzepka Painting Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rzepka Painting Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Rzepka Painting Inc in University Heights, OH
4098 Silsby Rd
University Heights, OH 44118
Painting and Wall Covering Contractors
NAICS code 238320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near University Heights
In the University Heights area, 22 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $20,074 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Ce-Jay's Painting Co. LLC
Cleveland Heights, OH
Walls And All Home Cosmetics
Castle Painting Sole Proprietor ( Use Independent
LP Painting, LLC
Industry PPP Comparison Statistics
Nationwide, 50,571 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.46B 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, 150% higher than Rzepka Painting Inc's reported 2 employees, and received an average PPP loan of $48,668, 95% higher than this company's loan of $25,000.
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Footnotes & Information
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