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PPP Loan Data — Rio Grande Pacific Corporation,
Benbrook, TX
Rio Grande Pacific Corporation
Entity: Corporation
Industry: Short Line Railroads
Location: Benbrook, TX
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Rio Grande Pacific Corporation is a corporation located at 6100 Southwest Blvd Suite 320 in Benbrook, Texas that received a Coronavirus-related PPP loan from the SBA of $3,855,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
239Loan Approved:
2020-04-28Lender:
FROST BANKRio Grande Pacific Corporation in Benbrook, TX received a Paycheck Protection Loan of $3.86M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rio Grande Pacific Corporation's total 2019 payroll expenses were approximately $18.51M in order to qualify for the PPP loan amount received.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $77,429 per employee1.
Business Information - Rio Grande Pacific Corporation in Benbrook, TX
6100 Southwest Blvd Suite 320
Benbrook, TX 76109
Business Industry
Short Line Railroads (NAICS code 482112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-12Similar Companies near Benbrook
In the Benbrook area, 2 businesses in the "Short Line Railroads" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 239) and received an average PPP loan of $1,954,700 (compared to this company's $3.86M).
Similar Nearby Businesses Who Received PPP Funding:
Gandy Dancer, Inc.
Benbrook, TX
Industry PPP Comparison Statistics
Nationwide, 146 businesses in the "Short Line Railroads" industry received a total of $44,761,785.00 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 20 employees, 92% lower than Rio Grande Pacific Corporation's reported 239 employees, and received an average PPP loan of $306,588, 92% lower than this company's loan of $3.86M.
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.
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