PPP Loan Data — Red Mountain Technology, Inc, Wilmington, DE
Red Mountain Technology, Inc is a corporation located in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $10,312.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Red Mountain Technology, Inc in Wilmington, DE received a Paycheck Protection Loan of $10,312 through Cadence Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Reported PPP Proceed Usage:
On the PPP application, Red Mountain Technology, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,312
Business Information - Red Mountain Technology, Inc in Wilmington, DE
* Full address is redacted to protect the privacy of individuals.
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Red Mountain Technology, Inc.
J. B. Hanks Co., Inc
Farm Management Services
Ciel Technologies Inc
Igpm Distribution LLC
Hobby, Toy, and Game Stores
Entrepreneurship Institute Associates, Inc
Civic and Social Organizations
Destination Enterprises, Inc
Offices of Other Holding Companies
Ignition Consulting LLC
Other Management Consulting Services
FGC Plasma Solutions Inc
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Salina Business Development, Inc
Farm Management Services
Similar Companies near Wilmington
In the Wilmington area, 13 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 1) and received an average PPP loan of $233,283 (compared to this company's $10,312).
Similar Nearby Businesses Who Received PPP Funding:
Nishimo International Inc
Tcoe Services Corporation
Diamond Technologies, Inc
SSD Technology Partners Inc
IO Projects Inc
Info Solutions North America, LLC
Industry PPP Comparison Statistics
Nationwide, 25,053 businesses in the "Other Computer Related Services" industry received a total of $3.09B 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 9 employees, 800% higher than Red Mountain Technology, Inc's reported 1 employees, and received an average PPP loan of $123,350, 1096% higher than this company's loan of $10,312.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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