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PPP Loan Data — Can USA Inc,
Harvey, LA
Can USA Inc
Entity: Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Harvey, LA
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Can USA Inc is a corporation located at 1800 Jutland Dr in Harvey, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #5829178305
Loan Size:
Jobs Retained:
199Loan Approved:
2021-01-25Loan Status:
Paid in Full or ForgivenLender:
Hancock Whitney BankCan USA Inc in Harvey, LA received a Paycheck Protection Loan of $2M through Hancock Whitney Bank, which was approved in January, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Can USA Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 199 jobs retained, this equals an estimated average yearly compensation of $48,241 per employee1
Reported PPP Proceed Usage:
On the PPP application, Can USA Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Can USA Inc in Harvey, LA
1800 Jutland Dr
Harvey, LA 70058
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Harvey
In the Harvey area, 18 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 199) and received an average PPP loan of $1,086,057 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Herbert Lewis LLC
Harvey, LA
Extreme Nitrogen LLC
Harvey, LA
R And D Enterprises Of Gulf Region Inc
Harvey, LA
Jackson Offshore Operator LLC
Harvey, LA
National Aqua Pressure, LLC
Harvey, LA
Dean Equipment Inc
Harvey, LA
Derivative Maintenance Ingineering Solutions LLC
Harvey, LA
Gly-Tech Services Inc
Harvey, LA
Industry PPP Comparison Statistics
Nationwide, 20,742 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 94% lower than Can USA Inc's reported 199 employees, and received an average PPP loan of $185,218, 91% lower than this company's loan of $2M.
Can USA, Inc
Entity: Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Harvey, LA
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•
Search All PPP Data
Can USA, Inc is a corporation located at 1800 Jutland Dr in Harvey, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,134,600.00 in April, 2020.
$
PPP Loan Information
Loan #9738037109
Loan Size:
Jobs Retained:
217Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Hancock Whitney BankCan USA, Inc in Harvey, LA received a Paycheck Protection Loan of $4.13M through Hancock Whitney Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Can USA, Inc's 2019 payroll expenses are estimated to be at least $19.85M.
Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $91,457 per employee1
Reported PPP Proceed Usage:
On the PPP application, Can USA, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,134,600
Business Information - Can USA, Inc in Harvey, LA
1800 Jutland Dr
Harvey, LA 70058
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Harvey
In the Harvey area, 18 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 217) and received an average PPP loan of $1,086,057 (compared to this company's $4.13M).
Similar Nearby Businesses Who Received PPP Funding:
Herbert Lewis LLC
Harvey, LA
Extreme Nitrogen LLC
Harvey, LA
R And D Enterprises Of Gulf Region Inc
Harvey, LA
Jackson Offshore Operator LLC
Harvey, LA
National Aqua Pressure, LLC
Harvey, LA
Dean Equipment Inc
Harvey, LA
Derivative Maintenance Ingineering Solutions LLC
Harvey, LA
Gly-Tech Services Inc
Harvey, LA
Industry PPP Comparison Statistics
Nationwide, 20,742 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 94% lower than Can USA, Inc's reported 217 employees, and received an average PPP loan of $185,218, 96% lower than this company's loan of $4.13M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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