PPP Loan Data — Rbdd Cliff House Acquisitions LLC, Cape Neddick, ME
Rbdd Cliff House Acquisitions LLC is a limited liability company (LLC) located at 591 Shore Road in Cape Neddick, Maine that received a Coronavirus-related PPP loan from the SBA of $2,133,385.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Rbdd Cliff House Acquisitions LLC in Cape Neddick, ME received a Paycheck Protection Loan of $2.13M through The Huntington National Bank, which was approved in April, 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, Rbdd Cliff House Acquisitions LLC's 2019 payroll expenses are estimated to be at least $10.24M.
Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $64,812 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rbdd Cliff House Acquisitions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,133,385
Business Information - Rbdd Cliff House Acquisitions LLC in Cape Neddick, ME
591 Shore Road
Cape Neddick, ME 3902
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Cape Neddick
In the Cape Neddick area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 158) and received an average PPP loan of $377,224 (compared to this company's $2.13M).
Similar Nearby Businesses Who Received PPP Funding:
Cape Neddick, ME
Riverside Motel & Hotel Co
Marginal Way House, Inc
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 85% lower than Rbdd Cliff House Acquisitions LLC's reported 158 employees, and received an average PPP loan of $168,829, 92% lower than this company's loan of $2.13M.
FederalPay's PPP Information Policy
Footnotes & Information
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