PPP Loan Data — Bergeron Land Development Inc, Fort Lauderdale, FL
Bergeron Land Development Inc is a subchapter s corporation located at 19612 Sw 69th Place in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $2,430,750.00 in April, 2020.
$ PPP Loan Information
Lender:CITY NATIONAL BANK OF FLORIDA
Bergeron Land Development Inc in Fort Lauderdale, FL received a Paycheck Protection Loan of $2.43M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bergeron Land Development Inc's total 2019 payroll expenses were approximately $11.67M in order to qualify for the PPP loan amount received.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $76,761 per employee1.
Business Information - Bergeron Land Development Inc in Fort Lauderdale, FL
19612 Sw 69th Place
Fort Lauderdale, FL 33332
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-23
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 4 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 152) and received an average PPP loan of $646,027 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
GW Henry Inc
Southwest Ranches, FL
Citywide Services Inc
Fort Lauderdale, FL
Bore Rite, LLC
Fort Lauderdale, FL
Industry PPP Comparison Statistics
Nationwide, 17,653 businesses in the "Site Preparation Contractors" industry received a total of $2,959,828,729.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 92% lower than Bergeron Land Development Inc's reported 152 employees, and received an average PPP loan of $167,667, 93% lower than this company's loan of $2.43M.
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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