PPP Loan Data — Can USA, Inc, Harvey, LA
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
Lender:HANCOCK WHITNEY BANK
Can USA, Inc received a Paycheck Protection Loan of $4.13M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Can USA, Inc's total 2019 payroll expenses were approximately $19.85M in order to qualify for the PPP loan amount received.
Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $91,457 per employee1.
Business Information - Can USA, Inc in Harvey, LA
1800 Jutland Dr
Harvey, LA 70058
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-02
Similar Companies near Harvey
In the Harvey area, 9 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 217) and received an average PPP loan of $1,505,599 (compared to this company's $4.13M).
Similar Nearby Businesses Who Received PPP Funding:
National Aqua Pressure, LLC
Three Eagles Enterprises, LLC
Robert J Guidry Investments, LLC
Extreme Nitrogen LLC
Jackson Offshore Operator LLC
Dean Equipment, Inc
Herbert Lewis, LLC
River Parish Maintenance, Inc.
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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, 94% lower than Can USA, Inc's reported 217 employees, and received an average PPP loan of $215,222, 95% 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.
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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