PPP Loan Data — Red River Waste Solitions, LP, Dripping Springs, TX
Red River Waste Solitions, LP is a partnership located at 4004 East Us Hwy 290 in Dripping Springs, Texas that received a Coronavirus-related PPP loan from the SBA of $2,325,714.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Red River Waste Solitions, LP in Dripping Springs, TX received a Paycheck Protection Loan of $2.33M through MUFG Union Bank, National Association, 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, Red River Waste Solitions, LP's 2019 payroll expenses are estimated to be at least $11.16M.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $47,707 per employee1
Reported PPP Proceed Usage:
On the PPP application, Red River Waste Solitions, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,325,714
Business Information - Red River Waste Solitions, LP in Dripping Springs, TX
4004 East Us Hwy 290
Dripping Springs, TX 78620
Solid Waste Collection
NAICS code 562111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Dripping Springs
In the Dripping Springs area, 2 businesses in the "Solid Waste Collection" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 234) and received an average PPP loan of $1,348,690 (compared to this company's $2.33M).
Similar Nearby Businesses Who Received PPP Funding:
Inland Service Corporation, LLC
Dripping Springs, TX
Industry PPP Comparison Statistics
Nationwide, 3,891 businesses in the "Solid Waste Collection" industry received a total of $616.17M 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 15 employees, 94% lower than Red River Waste Solitions, LP's reported 234 employees, and received an average PPP loan of $158,359, 93% lower than this company's loan of $2.33M.
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Footnotes & Information
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