PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — RBM Services, Inc., Provo, UT

SBA PPP loan data, payroll data, and salaries for RBM Services, Inc.
UT

RBM Services, Inc.

Entity: Corporation

Industry: Other Direct Selling Establishments

Location: Provo, UT

Search All PPP Data

RBM Services, Inc. is a corporation located at 1515 Riverside Ave in Provo, Utah that received a Coronavirus-related PPP loan from the SBA of $5,428,280.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.43M

Jobs Retained:

500

Loan Approved:

2020-04-08

Lender:

CACHE VALLEY BANK

RBM Services, Inc. received a Paycheck Protection Loan of $5.43M through CACHE VALLEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, RBM Services, Inc.'s total 2019 payroll expenses were approximately $26.06M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $52,111 per employee1.

Because the loan received by RBM Services, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - RBM Services, Inc. in Provo, UT

RBM Services, Inc.
1515 Riverside Ave
Provo, UT 84604

Business Industry

Other Direct Selling Establishments (NAICS code 454390)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: UT-03

Similar Companies near Provo

In the Provo area, 9 businesses in the "Other Direct Selling Establishments" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 500) and received an average PPP loan of $617,877 (compared to this company's $5.43M).

Industry PPP Comparison Statistics

Nationwide, 11,977 businesses in the "Other Direct Selling Establishments" industry received a total of $632,841,121.00 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 5 employees, 99% lower than RBM Services, Inc.'s reported 500 employees, and received an average PPP loan of $52,838, 99% lower than this company's loan of $5.43M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rbm-services-inc-provo-ut