PPP Loan Data — Rihm Motor Company, South Saint Paul, MN
Rihm Motor Company
Entity: Subchapter S Corporation
Location: South Saint Paul, MNTweet This • Search All PPP Data
Rihm Motor Company is a subchapter s corporation located at 425 Concord Street S in South Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,384,200.00 in April, 2020.
$ PPP Loan Information
Lender:MERCHANTS BANK, NATIONAL ASSOCIATION
Rihm Motor Company received a Paycheck Protection Loan of $3.38M through MERCHANTS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rihm Motor Company's total 2019 payroll expenses were approximately $16.24M in order to qualify for the PPP loan amount received.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $60,613 per employee1.
Business Information - Rihm Motor Company in South Saint Paul, MN
425 Concord Street S
South Saint Paul, MN 55075
Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (NAICS code 532120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-02
Similar Companies near South Saint Paul
In the South Saint Paul area, 2 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 268) and received an average PPP loan of $1,702,500 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
Twin City Truck And Van Rental, Inc.
South Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 1,428 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $223,290,538.00 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 12 employees, 96% lower than Rihm Motor Company's reported 268 employees, and received an average PPP loan of $156,366, 95% lower than this company's loan of $3.38M.
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Footnotes & Information
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