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PPP Loan Data — RDR Energy Resources, LLC, Clarksburg, WV

SBA PPP loan data, payroll data, and salaries for RDR Energy Resources, LLC
WV

RDR Energy Resources, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: Clarksburg, WV

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RDR Energy Resources, LLC is a limited liability company (LLC) located at 1272 E. Pike St. in Clarksburg, West Virginia that received a Coronavirus-related PPP loan from the SBA of $2,715,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.72M

Jobs Retained:

221

Loan Approved:

2020-04-05

Lender:

ATLANTIC UNION BANK

RDR Energy Resources, LLC received a Paycheck Protection Loan of $2.72M through ATLANTIC UNION BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, RDR Energy Resources, LLC's total 2019 payroll expenses were approximately $13.03M in order to qualify for the PPP loan amount received.

Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $58,973 per employee1.

Because the loan received by RDR Energy Resources, LLC 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 - RDR Energy Resources, LLC in Clarksburg, WV

RDR Energy Resources, LLC
1272 E. Pike St.
Clarksburg, WV 26301

Business Industry

All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS code 332999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WV-01

Industry PPP Comparison Statistics

Nationwide, 4,328 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1,219,008,137.00 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 22 employees, 90% lower than RDR Energy Resources, LLC's reported 221 employees, and received an average PPP loan of $281,656, 90% lower than this company's loan of $2.72M.

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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Source: www.federalpay.org/paycheck-protection-program/rdr-energy-resources-llc-clarksburg-wv