PPP Loan Data — Ramos Oil Company, Inc., West Sacramento, CA
Ramos Oil Company, Inc. is a corporation located at 1515 South River Rd in West Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $2,440,745.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 228 people during the applicable loan loan period.
$ PPP Loan Information
Lender:RIVER CITY BANK
Ramos Oil Company, Inc. received a Paycheck Protection Loan of $2.44M through RIVER CITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ramos Oil Company, Inc.'s total 2019 payroll expenses were approximately $11.72M in order to qualify for the PPP loan amount received.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $51,384 per employee1.
Business Information - Ramos Oil Company, Inc. in West Sacramento, CA
1515 South River Rd
West Sacramento, CA 95691
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-03
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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 13 employees, 94% lower than Ramos Oil Company, Inc.'s reported 228 employees, and received an average PPP loan of $215,222, 91% lower than this company's loan of $2.44M.
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Footnotes & Information
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