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PPP Loan Data — RKL LLP, Lancaster, PA

SBA PPP loan data, payroll data, and salaries for RKL LLP
PA

RKL LLP

Entity: Limited Liability Partnership

Industry: Offices of Certified Public Accountants

Location: Lancaster, PA

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RKL LLP is a limited liability partnership located at 1800 Fruitville Pike in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $8,752,378.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.75M

Jobs Retained:

452

Loan Approved:

2020-04-06

Lender:

FULTON BANK, NATIONAL ASSOCIATION

RKL LLP received a Paycheck Protection Loan of $8.75M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, RKL LLP's total 2019 payroll expenses were approximately $42.01M in order to qualify for the PPP loan amount received.

Based on their reported 452 jobs retained, this equals an estimated average yearly compensation of $92,946 per employee1.

Because the loan received by RKL LLP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - RKL LLP in Lancaster, PA

RKL LLP
1800 Fruitville Pike
Lancaster, PA 17601

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-11

Similar Companies near Lancaster

In the Lancaster area, 14 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 452) and received an average PPP loan of $885,989 (compared to this company's $8.75M).

Industry PPP Comparison Statistics

Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 99% lower than RKL LLP's reported 452 employees, and received an average PPP loan of $88,968, 99% lower than this company's loan of $8.75M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rkl-llp-lancaster-pa