FederalPay.org
PPP Loan Data — RM Distributors, LLC,
Portland, OR
RM Distributors, LLC
Entity: Limited Liability Company (LLC)
Industry: Beer and Ale Merchant Wholesalers
Location: Portland, OR
Tweet This
•
Search All PPP Data
RM Distributors, LLC is a limited liability company (LLC) located at 7000 N Cutter Circle in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $5,130,980.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
430Loan Approved:
2020-04-15Lender:
U.S. BANK, NATIONAL ASSOCIATIONRM Distributors, LLC in Portland, OR received a Paycheck Protection Loan of $5.13M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, RM Distributors, LLC's total 2019 payroll expenses were approximately $24.63M in order to qualify for the PPP loan amount received.
Based on their reported 430 jobs retained, this equals an estimated average yearly compensation of $57,276 per employee1.
Business Information - RM Distributors, LLC in Portland, OR
7000 N Cutter Circle
Portland, OR 97217
Business Industry
Beer and Ale Merchant Wholesalers (NAICS code 424810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OR-03Similar Companies near Portland
In the Portland area, 2 businesses in the "Beer and Ale Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 220 employees (compared to this company's 430) and received an average PPP loan of $2,630,981 (compared to this company's $5.13M).
Similar Nearby Businesses Who Received PPP Funding:
Running Man Distributing LLC
Portland, OR
Industry PPP Comparison Statistics
Nationwide, 1,103 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $586,037,858.00 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 43 employees, 90% lower than RM Distributors, LLC's reported 430 employees, and received an average PPP loan of $531,313, 90% lower than this company's loan of $5.13M.
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, 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.
Have FederalPay.org's open data tools been valuable? Consider donating!