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PPP Loan Data — R & R Labor Inc., Hollister, CA

SBA PPP loan data, payroll data, and salaries for R & R Labor Inc.
CA

R & R Labor Inc.

Entity: Corporation

Industry: Temporary Help Services

Location: Hollister, CA

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R & R Labor Inc. is a corporation located at 710 Kirkpatrick Crt in Hollister, California that received a Coronavirus-related PPP loan from the SBA of $2,882,437.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.88M

Jobs Retained:

350

Loan Approved:

2020-04-27

Lender:

PINNACLE BANK

R & R Labor Inc. in Hollister, CA received a Paycheck Protection Loan of $2.88M through PINNACLE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, R & R Labor Inc.'s total 2019 payroll expenses were approximately $13.84M in order to qualify for the PPP loan amount received.

Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $39,531 per employee1.

Because the loan received by R & R Labor 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 & R Labor Inc. in Hollister, CA

R & R Labor Inc.
710 Kirkpatrick Crt
Hollister, CA 95023

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-20

Similar Companies near Hollister

In the Hollister area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 407 employees (compared to this company's 350) and received an average PPP loan of $3,003,719 (compared to this company's $2.88M).

Similar Nearby Businesses Who Received PPP Funding:

Infinity Staffing Services, Inc.
Hollister, CA

$3.13M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 61 employees, 83% lower than R & R Labor Inc.'s reported 350 employees, and received an average PPP loan of $608,834, 79% lower than this company's loan of $2.88M.

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, and is published unmodified, as provided by the SBA.

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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-r-labor-inc-hollister-ca