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PPP Loan Data — R.T.R Financial Services, Inc.,
Staten Island, NY
R.T.R Financial Services, Inc.
Entity: Subchapter S Corporation
Industry: Other Accounting Services
Location: Staten Island, NY
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R.T.R Financial Services, Inc. is a subchapter s corporation located at 2 Teleport Dr in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $2,469,545.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
211Loan Approved:
2020-04-16Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONR.T.R Financial Services, Inc. received a Paycheck Protection Loan of $2.47M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, R.T.R Financial Services, Inc.'s total 2019 payroll expenses were approximately $11.85M in order to qualify for the PPP loan amount received.
Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $56,179 per employee1.
Business Information - R.T.R Financial Services, Inc. in Staten Island, NY
2 Teleport Dr
Staten Island, NY 10311
Business Industry
Other Accounting Services (NAICS code 541219)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: NY-11Similar Companies near Staten Island
In the Staten Island area, 8 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 211) and received an average PPP loan of $319,187 (compared to this company's $2.47M).
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George Calivis
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Industry PPP Comparison Statistics
Nationwide, 31,743 businesses in the "Other Accounting Services" industry received a total of $1,370,914,494.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than R.T.R Financial Services, Inc.'s reported 211 employees, and received an average PPP loan of $43,188, 98% lower than this company's loan of $2.47M.
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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