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PPP Loan Data — RFI Enterprises, Inc.,
San Jose, CA
RFI Enterprises, Inc.
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: San Jose, CA
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RFI Enterprises, Inc. is a corporation located at 360 Turtle Creek Ct in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $3,202,400.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 184 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
184Loan Approved:
2020-04-14Lender:
COMERICA BANKRFI Enterprises, Inc. received a Paycheck Protection Loan of $3.2M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, RFI Enterprises, Inc.'s total 2019 payroll expenses were approximately $15.37M in order to qualify for the PPP loan amount received.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $83,541 per employee1.
Business Information - RFI Enterprises, Inc. in San Jose, CA
360 Turtle Creek Ct
San Jose, CA 95125
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-19Similar Companies near San Jose
In the San Jose area, 14 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 184) and received an average PPP loan of $381,974 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
Security & Cabling Solutions Inc
San Jose, CA
3D Electric
San Jose, CA
Mid-State Electric Inc
San Jose, CA
Heco Electric Inc.
San Jose, CA
Office Automation Group Inc
San Jose, CA
Jeffrey Davis Electric Inc
San Jose, CA
Raybo Repair
San Jose, CA
Rhino Power, Inc
San Jose, CA
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 93% lower than RFI Enterprises, Inc.'s reported 184 employees, and received an average PPP loan of $181,171, 94% lower than this company's loan of $3.2M.
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.
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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