PPP Loan Data — Rmmp, LLC, Rocky Mount, NC
Rmmp, LLC is a limited liability company (LLC) located at 4554 Dortches Blvd in Rocky Mount, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Live Oak Banking Company
Rmmp, LLC in Rocky Mount, NC received a Paycheck Protection Loan of $46,000 through Live Oak Banking Company, 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 February, 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, Rmmp, LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,073 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rmmp, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Rmmp, LLC in Rocky Mount, NC
4554 Dortches Blvd
Rocky Mount, NC 27804
Cemeteries and Crematories
NAICS code 812220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,538 businesses in the "Cemeteries and Crematories" industry received a total of $107.63M 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 9 employees, 18% lower than Rmmp, LLC's reported 11 employees, and received an average PPP loan of $69,978, 52% higher than this company's loan of $46,000.
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Footnotes & Information
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