PPP Loan Data — R.l.c.s., Inc, Valencia, CA
R.l.c.s., Inc is a corporation located at 28542 Constellation Road in Valencia, California that received a Coronavirus-related PPP loan from the SBA of $1,668,246.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
R.l.c.s., Inc in Valencia, CA received a Paycheck Protection Loan of $1.67M through Bank of the West, which was approved in April, 2020.
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, R.l.c.s., Inc's 2019 payroll expenses are estimated to be at least $8.01M.
Based on their reported 484 jobs retained, this equals an estimated average yearly compensation of $16,545 per employee1
Reported PPP Proceed Usage:
On the PPP application, R.l.c.s., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,668,246
Business Information - R.l.c.s., Inc in Valencia, CA
28542 Constellation Road
Valencia, CA 91355
Couriers and Express Delivery Services
NAICS code 492110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valencia
In the Valencia area, 44 businesses in the "Couriers and Express Delivery Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 484) and received an average PPP loan of $53,494 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Amir R Nasirpour
Industry PPP Comparison Statistics
Nationwide, 90,334 businesses in the "Couriers and Express Delivery Services" industry received a total of $1.39B 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 2 employees, 100% lower than R.l.c.s., Inc's reported 484 employees, and received an average PPP loan of $15,334, 99% lower than this company's loan of $1.67M.
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Footnotes & Information
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