PPP Loan Data — RJR Technologies Inc, Oakland, CA
RJR Technologies Inc is a corporation located at 7875 Edgewater Dr in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $1,600,242.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
RJR Technologies Inc in Oakland, CA received a Paycheck Protection Loan of $1.6M through Bank of America, National Association, 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 March, 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, RJR Technologies Inc's 2019 payroll expenses are estimated to be at least $7.68M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $54,865 per employee1
Reported PPP Proceed Usage:
On the PPP application, RJR Technologies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,600,242
Business Information - RJR Technologies Inc in Oakland, CA
7875 Edgewater Dr
Oakland, CA 94621
Other Electronic Component Manufacturing
NAICS code 334419
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 2 businesses in the "Other Electronic Component Manufacturing" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 140) and received an average PPP loan of $956,502 (compared to this company's $1.6M).
Similar Nearby Businesses Who Received PPP Funding:
Digicom Electronics Inc
Industry PPP Comparison Statistics
Nationwide, 2,139 businesses in the "Other Electronic Component Manufacturing" industry received a total of $500.97M 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 21 employees, 85% lower than RJR Technologies Inc's reported 140 employees, and received an average PPP loan of $234,207, 85% lower than this company's loan of $1.6M.
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Footnotes & Information
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