PPP Loan Data — R & R Transportation, Inc., Lake Park, MN
R & R Transportation, Inc.
Location: Lake Park, MNTweet This • Search All PPP Data
R & R Transportation, Inc. is a corporation located at 2095 S. 2nd St. in Lake Park, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 221 people during the applicable loan loan period.
$ PPP Loan Information
R & R Transportation, Inc. received a Paycheck Protection Loan of $2.5M through STARION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, R & R Transportation, Inc.'s total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $54,299 per employee1.
Business Information - R & R Transportation, Inc. in Lake Park, MN
2095 S. 2nd St.
Lake Park, MN 56554
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-07
Similar Companies near Lake Park
In the Lake Park area, 3 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 221) and received an average PPP loan of $845,458 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
J & T Transporation
Lake Park, MN
Lake Park, MN
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than R & R Transportation, Inc.'s reported 221 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.5M.
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Footnotes & Information
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