PPP Loan Data — RJM Business Services Inc, Fredericksburg, TX
RJM Business Services Inc is a subchapter s corporation located at 510 E. Highway in Fredericksburg, Texas that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020. This business is a H&R Block franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Security State Bank & Trust
RJM Business Services Inc in Fredericksburg, TX received a Paycheck Protection Loan of $47,100 through Security State Bank & Trust, 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 February, 2021.
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, RJM Business Services Inc's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,553 per employee1
Reported PPP Proceed Usage:
On the PPP application, RJM Business Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,100
Business Information - RJM Business Services Inc in Fredericksburg, TX
510 E. Highway
Fredericksburg, TX 78624
Tax Preparation Services
NAICS code 541213
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Fredericksburg
In the Fredericksburg area, 4 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 11) and received an average PPP loan of $14,551 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
Forte Bookkeeping And Tax Inc
Carol A. Birmingham
Industry PPP Comparison Statistics
Nationwide, 50,853 businesses in the "Tax Preparation Services" industry received a total of $1.1B 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 3 employees, 73% lower than RJM Business Services Inc's reported 11 employees, and received an average PPP loan of $21,684, 54% lower than this company's loan of $47,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!