PPP Loan Data — RCM Of Washington, Inc, Washington, DC
RCM Of Washington, Inc
Entity: Subchapter S Corporation
Location: Washington, DCTweet This • Search All PPP Data
RCM Of Washington, Inc is a subchapter s corporation located at 64 New York Avenue Northeast in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,201,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
RCM Of Washington, Inc in Washington, DC received a Paycheck Protection Loan of $2.2M through Manufacturers and Traders Trust Company, 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, RCM Of Washington, Inc's 2019 payroll expenses are estimated to be at least $10.57M.
Based on their reported 306 jobs retained, this equals an estimated average yearly compensation of $34,530 per employee1
Reported PPP Proceed Usage:
On the PPP application, RCM Of Washington, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,053,634
- Utilities: $9,100
- Rent: $72,566
- Health Care: $66,000
Business Information - RCM Of Washington, Inc in Washington, DC
64 New York Avenue Northeast
Washington, DC 20024
Residential Intellectual and Developmental Disability Facilities
NAICS code 623210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,014 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $1.28B 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 58 employees, 81% lower than RCM Of Washington, Inc's reported 306 employees, and received an average PPP loan of $424,200, 81% lower than this company's loan of $2.2M.
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Footnotes & Information
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