PPP Loan Data — Rhee Bros Inc, Hanover, MD
Rhee Bros Inc is a corporation located at 7461 Coca Cola Dr in Hanover, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,635,000.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF HOPE
Rhee Bros Inc in Hanover, MD received a Paycheck Protection Loan of $2.64M through BANK OF HOPE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rhee Bros Inc's total 2019 payroll expenses were approximately $12.65M in order to qualify for the PPP loan amount received.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $64,531 per employee1.
Business Information - Rhee Bros Inc in Hanover, MD
7461 Coca Cola Dr
Hanover, MD 21076
General Line Grocery Merchant Wholesalers (NAICS code 424410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: MD-02
Similar Companies near Hanover
In the Hanover area, 6 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 196) and received an average PPP loan of $1,041,728 (compared to this company's $2.64M).
Similar Nearby Businesses Who Received PPP Funding:
Grace Of Jesus Food Service Inc
Saval Foods Corporation
Infusion Balt/Wash, Inc.
Sapna Foods, Inc.
M & K Food Inc.
Industry PPP Comparison Statistics
Nationwide, 4,442 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $596,799,136.00 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 14 employees, 93% lower than Rhee Bros Inc's reported 196 employees, and received an average PPP loan of $134,354, 95% lower than this company's loan of $2.64M.
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Footnotes & Information
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