PPP Loan Data — Richardsons' RV. Centers, Inc, Menifee, CA
Richardsons' RV. Centers, Inc is a corporation located at 26776 Escanto Drive in Menifee, California that received a Coronavirus-related PPP loan from the SBA of $1,941,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Enterprise Bank & Trust
Richardsons' RV. Centers, Inc in Menifee, CA received a Paycheck Protection Loan of $1.94M through Enterprise Bank & Trust, 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 April, 2021.
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, Richardsons' RV. Centers, Inc's 2019 payroll expenses are estimated to be at least $9.32M.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $52,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Richardsons' RV. Centers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,941,100
Business Information - Richardsons' RV. Centers, Inc in Menifee, CA
26776 Escanto Drive
Menifee, CA 92585
Recreational Vehicle Dealers
NAICS code 441210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Menifee
In the Menifee area, 2 businesses in the "Recreational Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 177) and received an average PPP loan of $997,770 (compared to this company's $1.94M).
Similar Nearby Businesses Who Received PPP Funding:
VIP RV Service LLC
Sun City, CA
Industry PPP Comparison Statistics
Nationwide, 3,035 businesses in the "Recreational Vehicle Dealers" industry received a total of $471.71M 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, 92% lower than Richardsons' RV. Centers, Inc's reported 177 employees, and received an average PPP loan of $155,422, 92% lower than this company's loan of $1.94M.
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Footnotes & Information
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