PPP Loan Data — Ritalka Inc, Montevideo, MN
Ritalka Inc is a corporation located at 121 North 1st St in Montevideo, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,780,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 294 people during the applicable loan loan period.
$ PPP Loan Information
Ritalka Inc received a Paycheck Protection Loan of $2.78M through BELL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ritalka Inc's total 2019 payroll expenses were approximately $13.34M in order to qualify for the PPP loan amount received.
Based on their reported 294 jobs retained, this equals an estimated average yearly compensation of $45,388 per employee1.
Business Information - Ritalka Inc in Montevideo, MN
121 North 1st St
Montevideo, MN 56265
Construction Machinery Manufacturing (NAICS code 333120)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-07
Industry PPP Comparison Statistics
Nationwide, 969 businesses in the "Construction Machinery Manufacturing" industry received a total of $249,568,529.00 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 19 employees, 94% lower than Ritalka Inc's reported 294 employees, and received an average PPP loan of $257,553, 91% lower than this company's loan of $2.78M.
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Footnotes & Information
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