FederalPay.org
PPP Loan Data — RIM Logistics, LTD,
Roselle, IL
RIM Logistics, LTD
Entity: Corporation
Industry: Freight Transportation Arrangement
Location: Roselle, IL
Tweet This
•
Search All PPP Data
RIM Logistics, LTD is a corporation located at 200 N. Gary Ave. in Roselle, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,136,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
213Loan Approved:
2020-04-06Lender:
WINTRUST BANK, NATIONAL ASSOCIATIONRIM Logistics, LTD in Roselle, IL received a Paycheck Protection Loan of $3.14M through WINTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, RIM Logistics, LTD's total 2019 payroll expenses were approximately $15.06M in order to qualify for the PPP loan amount received.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $70,688 per employee1.
Business Information - RIM Logistics, LTD in Roselle, IL
200 N. Gary Ave.
Roselle, IL 60172
Business Industry
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-08Similar Companies near Roselle
In the Roselle area, 12 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 213) and received an average PPP loan of $288,226 (compared to this company's $3.14M).
Similar Nearby Businesses Who Received PPP Funding:
Panda Logistics Chicago Inc
Schaumburg, IL
ACG Freight Inc
Schaumburg, IL
MP Custom Brokers, Inc.
Roselle, IL
Beccorp Inc
Schaumburg, IL
PAR Premium Logistics, LLC
Schaumburg, IL
CG Logistics
Schaumburg, IL
PBV Shipping USA Inc
Roselle, IL
A Transport Company Inc.
Roselle, IL
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 95% lower than RIM Logistics, LTD's reported 213 employees, and received an average PPP loan of $119,776, 96% lower than this company's loan of $3.14M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!