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PPP Loan Data — R.K. Miles, Inc.,
Manchester Center, VT
R.K. Miles, Inc.
Entity: Subchapter S Corporation
Industry: Other Building Material Dealers
Location: Manchester Center, VT
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R.K. Miles, Inc. is a subchapter s corporation located at P.o Box 1125 in Manchester Center, Vermont that received a Coronavirus-related PPP loan from the SBA of $2,814,560.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
201Loan Approved:
2020-04-08Lender:
COMMUNITY BANK, NATIONAL ASSOCIATIONR.K. Miles, Inc. received a Paycheck Protection Loan of $2.81M through COMMUNITY BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, R.K. Miles, Inc.'s total 2019 payroll expenses were approximately $13.51M in order to qualify for the PPP loan amount received.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $67,213 per employee1.
Business Information - R.K. Miles, Inc. in Manchester Center, VT
P.o Box 1125
Manchester Center, VT 5255
Business Industry
Other Building Material Dealers (NAICS code 444190)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VT-Industry PPP Comparison Statistics
Nationwide, 7,624 businesses in the "Other Building Material Dealers" industry received a total of $1,126,038,672.00 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 12 employees, 94% lower than R.K. Miles, Inc.'s reported 201 employees, and received an average PPP loan of $147,697, 95% lower than this company's loan of $2.81M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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