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PPP Loan Data — Rio Grande Pacific Corporation, Benbrook, TX

SBA PPP loan data, payroll data, and salaries for Rio Grande Pacific Corporation
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:

$3.86M

Jobs Retained:

239

Loan Approved:

2020-04-28

Lender:

FROST BANK

Rio 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.

Because the loan received by Rio Grande Pacific Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Rio Grande Pacific Corporation in Benbrook, TX

Rio Grande Pacific Corporation
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-12

Similar 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

$54,100 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rio-grande-pacific-corporation-benbrook-tx