PPP Loan Data — Rango Inc, Mesa, AZ
Rango Inc is a subchapter s corporation located at 4215 E Mcdowell Rd in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $5,785,868.00 in April, 2020.
$ PPP Loan Information
Lender:METABANK, NATIONAL ASSOCIATION
Rango Inc in Mesa, AZ received a Paycheck Protection Loan of $5.79M through METABANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rango Inc's total 2019 payroll expenses were approximately $27.77M in order to qualify for the PPP loan amount received.
Based on their reported 420 jobs retained, this equals an estimated average yearly compensation of $66,124 per employee1.
Business Information - Rango Inc in Mesa, AZ
4215 E Mcdowell Rd
Mesa, AZ 85215
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: AZ-05
Similar Companies near Mesa
In the Mesa area, 7 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 420) and received an average PPP loan of $974,020 (compared to this company's $5.79M).
Similar Nearby Businesses Who Received PPP Funding:
Allied Fire Protection Inc
Educational Contracting LLC
Western States Home Services, LLC
Redline Contracting Group, LLC
Allen Bros Electric
Brenner Construction Inc
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 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 9 employees, 98% lower than Rango Inc's reported 420 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $5.79M.
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.
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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