PPP Loan Data — Coastal Detention Holdings, LLC, Swainsboro, GA
Coastal Detention Holdings, LLC
Entity: Limited Liability Company (LLC)
Location: Swainsboro, GATweet This • Search All PPP Data
Coastal Detention Holdings, LLC is a limited liability company (LLC) located at 211 Broadhollow Rd in Swainsboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,531,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 300 people during the applicable loan loan period.
$ PPP Loan Information
Coastal Detention Holdings, LLC received a Paycheck Protection Loan of $3.53M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Coastal Detention Holdings, LLC's total 2019 payroll expenses were approximately $16.95M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $56,504 per employee1.
Business Information - Coastal Detention Holdings, LLC in Swainsboro, GA
211 Broadhollow Rd
Swainsboro, GA 30401
All Other Miscellaneous Electrical Equipment and Component Manufacturing (NAICS code 335999)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: GA-12
Similar Companies near Swainsboro
In the Swainsboro area, 2 businesses in the "All Other Miscellaneous Electrical Equipment and Component Manufacturing" industry received a PPP loan. These local businesses reported an average of 166 employees (compared to this company's 300) and received an average PPP loan of $1,916,150 (compared to this company's $3.53M).
Similar Nearby Businesses Who Received PPP Funding:
Hotset America Corporation
Industry PPP Comparison Statistics
Nationwide, 1,412 businesses in the "All Other Miscellaneous Electrical Equipment and Component Manufacturing" industry received a total of $338,887,280.00 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 18 employees, 94% lower than Coastal Detention Holdings, LLC's reported 300 employees, and received an average PPP loan of $240,005, 93% lower than this company's loan of $3.53M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!