PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — RF2 Inc, Idalia, CO

ALERT: There are 2 PPP loans for a total of $3,438 in our database for businesses with the name "RF2 Inc" in Idalia, CO. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for RF2 Inc
CO

RF2 Inc

Entity: Corporation

Industry: Beef Cattle Ranching and Farming

Location: Idalia, CO

Search All PPP Data

RF2 Inc is a corporation located at 6421 County Road Ll.5 in Idalia, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,719.00 in January, 2021.

$ PPP Loan Information
Loan #7226398301

Loan Size:

$1,719

Jobs Retained:

2

Loan Approved:

2021-01-28

Loan Status:

Paid in Full or Forgiven

Lender:

Wray State Bank

RF2 Inc in Idalia, CO received a Paycheck Protection Loan of $1,719 through Wray State Bank, which was approved in January, 2021.

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 August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, RF2 Inc's 2019 payroll expenses are estimated to be at least $8,251.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $4,126 per employee1

Reported PPP Proceed Usage:

On the PPP application, RF2 Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,716
  • Utilities: $1

Business Information - RF2 Inc in Idalia, CO

RF2 Inc
6421 County Road Ll.5
Idalia, CO 80735

Business Industry:
Beef Cattle Ranching and Farming
NAICS code 112111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Yuma County, CO — SBA Office 0811 — Congressional District: CO-04

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as RF2 Inc.

Riverside Farms, LLC
Beef Cattle Ranching and Farming

$1,813 PPP Loan

Similar Companies near Idalia

In the Idalia area, 123 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $16,800 (compared to this company's $1,719).

Industry PPP Comparison Statistics

Nationwide, 215,563 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 1 employees, 50% lower than RF2 Inc's reported 2 employees, and received an average PPP loan of $12,969, 654% higher than this company's loan of $1,719.

SBA PPP loan data, payroll data, and salaries for RF2, Inc
CO

RF2, Inc

Entity: Corporation

Industry: Beef Cattle Ranching and Farming

Location: Idalia, CO

Search All PPP Data

RF2, Inc is a corporation located at 6421 County Road Ll.5 in Idalia, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,719.00 in April, 2020.

$ PPP Loan Information
Loan #8165987207

Loan Size:

$1,719

Jobs Retained:

2

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Wray State Bank

RF2, Inc in Idalia, CO received a Paycheck Protection Loan of $1,719 through Wray State 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 March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, RF2, Inc's 2019 payroll expenses are estimated to be at least $8,251.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $4,126 per employee1

Reported PPP Proceed Usage:

On the PPP application, RF2, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,719

Business Information - RF2, Inc in Idalia, CO

RF2, Inc
6421 County Road Ll.5
Idalia, CO 80735

Business Industry:
Beef Cattle Ranching and Farming
NAICS code 112111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Yuma County, CO — SBA Office 0811 — Congressional District: CO-04

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as RF2, Inc.

Riverside Farms, LLC
Beef Cattle Ranching and Farming

$1,813 PPP Loan

Similar Companies near Idalia

In the Idalia area, 123 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $16,800 (compared to this company's $1,719).

Industry PPP Comparison Statistics

Nationwide, 215,563 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 1 employees, 50% lower than RF2, Inc's reported 2 employees, and received an average PPP loan of $12,969, 654% higher than this company's loan of $1,719.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/rf2-inc-idalia-co