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PPP Loan Data — The RC Group,
Annapolis, MD
The RC Group
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Annapolis, MD
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The RC Group is a limited liability company (LLC) located at 2530 Riva Rd, Suite 400 in Annapolis, Maryland that received a Coronavirus-related PPP loan from the SBA of $8,717,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-08Lender:
THE HUNTINGTON NATIONAL BANKThe RC Group in Annapolis, MD received a Paycheck Protection Loan of $8.72M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The RC Group's total 2019 payroll expenses were approximately $41.84M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $83,688 per employee1.
Business Information - The RC Group in Annapolis, MD
2530 Riva Rd, Suite 400
Annapolis, MD 21401
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MD-04Similar Companies near Annapolis
In the Annapolis area, 19 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 500) and received an average PPP loan of $541,032 (compared to this company's $8.72M).
Similar Nearby Businesses Who Received PPP Funding:
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Dongchen Inc
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Parole Pizza Inc
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Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than The RC Group's reported 500 employees, and received an average PPP loan of $120,904, 99% lower than this company's loan of $8.72M.
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.
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