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PPP Loan Data — RC Moore, Inc,
Scarborough, ME
RC Moore, Inc
Entity: Subchapter S Corporation
Industry: General Freight Trucking, Long-Distance, Truckload
Location: Scarborough, ME
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RC Moore, Inc is a subchapter s corporation located at 8 Ginn Rd in Scarborough, Maine that received a Coronavirus-related PPP loan from the SBA of $3,433,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
261Loan Approved:
2020-04-05Lender:
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATIONRC Moore, Inc received a Paycheck Protection Loan of $3.43M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, RC Moore, Inc's total 2019 payroll expenses were approximately $16.48M in order to qualify for the PPP loan amount received.
Based on their reported 261 jobs retained, this equals an estimated average yearly compensation of $63,139 per employee1.
Business Information - RC Moore, Inc in Scarborough, ME
8 Ginn Rd
Scarborough, ME 4074
Business Industry
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: ME-01Similar Companies near Scarborough
In the Scarborough area, 4 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 261) and received an average PPP loan of $1,187,165 (compared to this company's $3.43M).
Similar Nearby Businesses Who Received PPP Funding:
Portland Air Freight, Inc.
Scarborough, ME
Sure Shot Corporation
Scarborough, ME
K & H Holdings LLC
Scarborough, ME
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than RC Moore, Inc's reported 261 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.43M.
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.
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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