PPP Loan Data — Risk Mitigation Consulting, Inc, Destin, FL
Risk Mitigation Consulting, Inc
Location: Destin, FLTweet This • Search All PPP Data
Risk Mitigation Consulting, Inc is a corporation located at 981 Highway 98 E Ste 3, Box 158 in Destin, Florida that received a Coronavirus-related PPP loan from the SBA of $1,875,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Risk Mitigation Consulting, Inc in Destin, FL received a Paycheck Protection Loan of $1.88M through Navy FCU, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Risk Mitigation Consulting, Inc's 2019 payroll expenses are estimated to be at least $9M.
Based on their reported 91 jobs retained, this equals an estimated average yearly compensation of $98,901 per employee1
Reported PPP Proceed Usage:
On the PPP application, Risk Mitigation Consulting, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,875,000
Business Information - Risk Mitigation Consulting, Inc in Destin, FL
981 Highway 98 E Ste 3, Box 158
Destin, FL 32541
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Destin
In the Destin area, 14 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 91) and received an average PPP loan of $156,807 (compared to this company's $1.88M).
Similar Nearby Businesses Who Received PPP Funding:
Big Wolf Consulting Corporation
Charter Boat Destiny Inc
JDT Aeronautical Testing Preparation, Ll
Copilot Consulting LLC
James Bryan Ramsey
B And B Professional Consulting, LLC
Old Gf LLC
Roland Resources LLC
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 95% lower than Risk Mitigation Consulting, Inc's reported 91 employees, and received an average PPP loan of $58,139, 97% lower than this company's loan of $1.88M.
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Footnotes & Information
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