PPP Loan Data — R & D Networks, Inc, Oxnard, CA
R & D Networks, Inc is a corporation located at 3600 Harbor Blvd # 524 in Oxnard, California that received a Coronavirus-related PPP loan from the SBA of $45,980.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
R & D Networks, Inc in Oxnard, CA received a Paycheck Protection Loan of $45,980 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
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, R & D Networks, Inc's 2019 payroll expenses are estimated to be at least $220,704.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,141 per employee1
Reported PPP Proceed Usage:
On the PPP application, R & D Networks, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $42,506
- Utilities: $235
- Rent: $3,239
Business Information - R & D Networks, Inc in Oxnard, CA
3600 Harbor Blvd # 524
Oxnard, CA 93035
NAICS code 511120
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
Industry PPP Comparison Statistics
Nationwide, 3,897 businesses in the "Periodical Publishers" industry received a total of $496.81M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 100% higher than R & D Networks, Inc's reported 5 employees, and received an average PPP loan of $127,486, 177% higher than this company's loan of $45,980.
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Footnotes & Information
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