PPP Loan Data — The RC Group, Annapolis, MD
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
Lender:THE HUNTINGTON NATIONAL BANK
The 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
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MD-04
Similar 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:
For Next Brands, LLC
Lima Of Hanover Inc.
AU New Inc.
JB Food LLC
Lima's 40 West Inc.
Parole Pizza Inc
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.
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Footnotes & Information
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