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PPP Loan Data — RDC-S111 Inc, Long Beach, CA

SBA PPP loan data, payroll data, and salaries for RDC-S111 Inc
CA

RDC-S111 Inc

Entity: Corporation

Industry: Architectural Services

Location: Long Beach, CA

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RDC-S111 Inc is a corporation located at 245 E 3rd St in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $2,544,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.54M

Jobs Retained:

151

Loan Approved:

2020-04-07

Lender:

PACIFIC MERCANTILE BANK

RDC-S111 Inc received a Paycheck Protection Loan of $2.54M through PACIFIC MERCANTILE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, RDC-S111 Inc's total 2019 payroll expenses were approximately $12.21M in order to qualify for the PPP loan amount received.

Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $80,872 per employee1.

Because the loan received by RDC-S111 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 - RDC-S111 Inc in Long Beach, CA

RDC-S111 Inc
245 E 3rd St
Long Beach, CA 90802

Business Industry

Architectural Services (NAICS code 541310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-47

Similar Companies near Long Beach

In the Long Beach area, 8 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 151) and received an average PPP loan of $435,244 (compared to this company's $2.54M).

Industry PPP Comparison Statistics

Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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 8 employees, 95% lower than RDC-S111 Inc's reported 151 employees, and received an average PPP loan of $149,750, 94% lower than this company's loan of $2.54M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rdc-s111-inc-long-beach-ca