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PPP Loan Data — Continental Aerospace Technologies, Inc., Mobile, AL

SBA PPP loan data, payroll data, and salaries for Continental Aerospace Technologies, Inc.
AL

Continental Aerospace Technologies, Inc.

Entity: Limited Liability Company (LLC)

Industry: Guided Missile and Space Vehicle Manufacturing

Location: Mobile, AL

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Continental Aerospace Technologies, Inc. is a limited liability company (LLC) located at 2039 S Broad St in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $7,427,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.43M

Jobs Retained:

464

Loan Approved:

2020-04-15

Lender:

REGIONS BANK

Continental Aerospace Technologies, Inc. in Mobile, AL received a Paycheck Protection Loan of $7.43M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Continental Aerospace Technologies, Inc.'s total 2019 payroll expenses were approximately $35.65M in order to qualify for the PPP loan amount received.

Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $76,831 per employee1.

Because the loan received by Continental Aerospace Technologies, Inc. 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 - Continental Aerospace Technologies, Inc. in Mobile, AL

Continental Aerospace Technologies, Inc.
2039 S Broad St
Mobile, AL 36615

Business Industry

Guided Missile and Space Vehicle Manufacturing (NAICS code 336414)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-01

Industry PPP Comparison Statistics

Nationwide, 25 businesses in the "Guided Missile and Space Vehicle Manufacturing" industry received a total of $23,615,269.00 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 56 employees, 88% lower than Continental Aerospace Technologies, Inc.'s reported 464 employees, and received an average PPP loan of $944,611, 87% lower than this company's loan of $7.43M.

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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Source: www.federalpay.org/paycheck-protection-program/continental-aerospace-technologies-inc-mobile-al