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PPP Loan Data — R&D Consulting Group, Inc, Redwood City, CA

SBA PPP loan data, payroll data, and salaries for R&D Consulting Group, Inc
CA

R&D Consulting Group, Inc

Entity: Subchapter S Corporation

Industry: Administrative Management and General Management Consulting Services

Location: Redwood City, CA

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R&D Consulting Group, Inc is a subchapter s corporation located at 920 Main St in Redwood City, California that received a Coronavirus-related PPP loan from the SBA of $2,830,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.83M

Jobs Retained:

158

Loan Approved:

2020-04-28

Lender:

FIRST REPUBLIC BANK

R&D Consulting Group, Inc received a Paycheck Protection Loan of $2.83M through FIRST REPUBLIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, R&D Consulting Group, Inc's total 2019 payroll expenses were approximately $13.59M in order to qualify for the PPP loan amount received.

Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $85,990 per employee1.

Because the loan received by R&D Consulting Group, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - R&D Consulting Group, Inc in Redwood City, CA

R&D Consulting Group, Inc
920 Main St
Redwood City, CA 94063

Business Industry

Administrative Management and General Management Consulting Services (NAICS code 541611)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: CA-14

Similar Companies near Redwood City

In the Redwood City area, 23 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 158) and received an average PPP loan of $241,435 (compared to this company's $2.83M).

Industry PPP Comparison Statistics

Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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 6 employees, 96% lower than R&D Consulting Group, Inc's reported 158 employees, and received an average PPP loan of $86,242, 97% lower than this company's loan of $2.83M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/r-and-d-consulting-group-inc-redwood-city-ca