PPP Loan Data — The Redland Company Inc, Homestead, FL
The Redland Company Inc
Location: Homestead, FLTweet This • Search All PPP Data
The Redland Company Inc is a corporation located at 48 Ne 15th St in Homestead, Florida that received a Coronavirus-related PPP loan from the SBA of $2,302,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
The Redland Company Inc in Homestead, FL received a Paycheck Protection Loan of $2.3M through South State 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, The Redland Company Inc's 2019 payroll expenses are estimated to be at least $11.05M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $71,303 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Redland Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,302,500
Business Information - The Redland Company Inc in Homestead, FL
48 Ne 15th St
Homestead, FL 33030
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Homestead
In the Homestead area, 8 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 155) and received an average PPP loan of $334,257 (compared to this company's $2.3M).
Similar Nearby Businesses Who Received PPP Funding:
Top Level Structural Contractors, Inc
Maritza Rosales Cue
Yasmany Perez Alonso
All American Precast
Harris And Schroeder Builders Inc
Towne Square Subway Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 92% lower than The Redland Company Inc's reported 155 employees, and received an average PPP loan of $157,325, 93% lower than this company's loan of $2.3M.
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Footnotes & Information
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