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PPP Loan Data — Bottom Line Equipment LLC, Saint Rose, LA

SBA PPP loan data, payroll data, and salaries for Bottom Line Equipment LLC
LA

Bottom Line Equipment LLC

Entity: Limited Liability Company (LLC)

Industry: Other Commercial and Industrial Machinery and Equipment Rental and Leasing

Location: Saint Rose, LA

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Bottom Line Equipment LLC is a limited liability company (LLC) located at 10260 Airline Hwy in Saint Rose, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,906,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.91M

Jobs Retained:

175

Loan Approved:

2020-04-08

Lender:

HOME BANK, NATIONAL ASSOCIATION

Bottom Line Equipment LLC received a Paycheck Protection Loan of $2.91M through HOME BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bottom Line Equipment LLC's total 2019 payroll expenses were approximately $13.95M in order to qualify for the PPP loan amount received.

Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $79,729 per employee1.

Because the loan received by Bottom Line Equipment LLC 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 - Bottom Line Equipment LLC in Saint Rose, LA

Bottom Line Equipment LLC
10260 Airline Hwy
Saint Rose, LA 70087

Business Industry

Other Commercial and Industrial Machinery and Equipment Rental and Leasing (NAICS code 532490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-06

Industry PPP Comparison Statistics

Nationwide, 4,159 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $707,533,609.00 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 13 employees, 93% lower than Bottom Line Equipment LLC's reported 175 employees, and received an average PPP loan of $170,121, 94% lower than this company's loan of $2.91M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/bottom-line-equipment-llc-saint-rose-la