PPP Loan Data — Richmar Associates Inc., Santa Clara, CA
Richmar Associates Inc. is a corporation located at 283 Brokaw Rd in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $4,294,430.00 in August, 2020.
The company has reported itself as a White owned business, and employed at least 450 people during the applicable loan loan period.
$ PPP Loan Information
Lender:HARVEST SMALL BUSINESS FINANCE, LLC
Richmar Associates Inc. in Santa Clara, CA received a Paycheck Protection Loan of $4.29M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in August, 2020.
Based on standard PPP eligibility rules, Richmar Associates Inc.'s total 2019 payroll expenses were approximately $20.61M in order to qualify for the PPP loan amount received.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $45,807 per employee1.
Business Information - Richmar Associates Inc. in Santa Clara, CA
283 Brokaw Rd
Santa Clara, CA 95050
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: CA-17
Similar Companies near Santa Clara
In the Santa Clara area, 3 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 260 employees (compared to this company's 450) and received an average PPP loan of $2,309,008 (compared to this company's $4.29M).
Similar Nearby Businesses Who Received PPP Funding:
Legacy Personnel Inc
Santa Clara, CA
Advance Staffing, Inc.
Santa Clara, CA
Industry PPP Comparison Statistics
Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 61 employees, 86% lower than Richmar Associates Inc.'s reported 450 employees, and received an average PPP loan of $608,834, 86% lower than this company's loan of $4.29M.
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