PPP Loan Data — Valroc Enterprises LLC, Reading, PA
Valroc Enterprises LLC is a limited liability company (LLC) located at 1840 Oak Ln in Reading, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in June, 2020.
The company has reported itself as a White male owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Valroc Enterprises LLC in Reading, PA received a Paycheck Protection Loan of $45,800 through Orrstown Bank, which was approved in June, 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 April, 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, Valroc Enterprises LLC's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $19,985 per employee1
Reported PPP Proceed Usage:
On the PPP application, Valroc Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Valroc Enterprises LLC in Reading, PA
1840 Oak Ln
Reading, PA 19604
NAICS code 561720
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Reading
In the Reading area, 11 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 11) and received an average PPP loan of $19,309 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
CYT Maintenance LLC
Oscar A Buten Martinez
Gisselle S Devore
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B 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 5 employees, 55% lower than Valroc Enterprises LLC's reported 11 employees, and received an average PPP loan of $30,311, 34% lower than this company's loan of $45,800.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!