PPP Loan Data — Old River Companies, Inc, Richland, MS
Old River Companies, Inc
Location: Richland, MSTweet This • Search All PPP Data
Old River Companies, Inc is a corporation located at 139 Old Highway 49 in Richland, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,666,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 279 people during the applicable loan loan period.
$ PPP Loan Information
Old River Companies, Inc in Richland, MS received a Paycheck Protection Loan of $2.67M through ORIGIN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Old River Companies, Inc's total 2019 payroll expenses were approximately $12.8M in order to qualify for the PPP loan amount received.
Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $45,867 per employee1.
Business Information - Old River Companies, Inc in Richland, MS
139 Old Highway 49
Richland, MS 39218
Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (NAICS code 532120)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MS-03
Industry PPP Comparison Statistics
Nationwide, 1,428 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $223,290,538.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 96% lower than Old River Companies, Inc's reported 279 employees, and received an average PPP loan of $156,366, 94% lower than this company's loan of $2.67M.
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