PPP Loan Data — Rhine Demolition, LLC, Tacoma, WA
Rhine Demolition, LLC is a limited liability company (LLC) located at 1124 112th St in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $2,760,735.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Columbia State Bank
Rhine Demolition, LLC in Tacoma, WA received a Paycheck Protection Loan of $2.76M through Columbia State Bank, 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, Rhine Demolition, LLC's 2019 payroll expenses are estimated to be at least $13.25M.
Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $71,630 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rhine Demolition, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,760,735
Business Information - Rhine Demolition, LLC in Tacoma, WA
1124 112th St
Tacoma, WA 98445
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tacoma
In the Tacoma area, 12 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 185) and received an average PPP loan of $468,009 (compared to this company's $2.76M).
Similar Nearby Businesses Who Received PPP Funding:
Total Grounds Management, Inc
South Design Concrete LLC
Parker & Sons Inc
Del Mar Concrete Cutting & Coring, LLC
Great Northwest Excavation, LLC
Mariner Construction, LLC
Tercom Construction, Inc
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 94% lower than Rhine Demolition, LLC's reported 185 employees, and received an average PPP loan of $139,293, 95% lower than this company's loan of $2.76M.
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Footnotes & Information
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