NRRM, LLC
PPP Loan approved Apr 7, 2020 through Busey Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $5,578,275.00 | 75.0% |
| Rent / Lease | $1,859,425.00 | 25.0% |
About This Loan
NRRM, LLC received a PPP loan of $7,437,700 approved on Apr 7, 2020. The loan was originated by Busey Bank.
NRRM, LLC is a limited liability company(llc) located in SAINT PETERS, Missouri. At the time of the application, the business was described as "unanswered".
The business operates in the Insurance Carriers industry (NAICS 524126), part of the Finance and Insurance sector of the economy. The applicant reported 500 jobs as retained through this loan.
The SBA forgave $7,523,895.81 of this loan — 101.2% of the total approved amount, with forgiveness recorded on Jun 15, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $5,578,275 to payroll, $1,859,425 to rent or lease obligations. The payroll component represents 75.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Missouri, visit the Missouri page. To compare this loan with others in the same industry, see the Insurance Carriers industry page.