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PPP Loan Data — Bernard Egan & Company, Fort Pierce, FL

SBA PPP loan data, payroll data, and salaries for Bernard Egan & Company
FL

Bernard Egan & Company

Entity: Corporation

Industry: Soil Preparation, Planting, and Cultivating

Location: Fort Pierce, FL

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Bernard Egan & Company is a corporation located at 1900 Old Dixie Hwy in Fort Pierce, Florida that received a Coronavirus-related PPP loan from the SBA of $2,953,227.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.95M

Jobs Retained:

231

Loan Approved:

2020-04-13

Lender:

SOUTH STATE BANK, NATIONAL ASSOCIATION

Bernard Egan & Company in Fort Pierce, FL received a Paycheck Protection Loan of $2.95M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bernard Egan & Company's total 2019 payroll expenses were approximately $14.18M in order to qualify for the PPP loan amount received.

Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $61,366 per employee1.

Because the loan received by Bernard Egan & Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Bernard Egan & Company in Fort Pierce, FL

Bernard Egan & Company
1900 Old Dixie Hwy
Fort Pierce, FL 34946

Business Industry

Soil Preparation, Planting, and Cultivating (NAICS code 115112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-18

Similar Companies near Fort Pierce

In the Fort Pierce area, 3 businesses in the "Soil Preparation, Planting, and Cultivating" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 231) and received an average PPP loan of $1,156,815 (compared to this company's $2.95M).

Industry PPP Comparison Statistics

Nationwide, 2,301 businesses in the "Soil Preparation, Planting, and Cultivating" industry received a total of $184,210,965.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 96% lower than Bernard Egan & Company's reported 231 employees, and received an average PPP loan of $80,057, 97% lower than this company's loan of $2.95M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bernard-egan-and-company-fort-pierce-fl