PPP Loan Data — Cortec, LLC, Houma, LA
Cortec, LLC is a corporation located at 208 Equity Boulevard, in Houma, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
$ PPP Loan Information
Cortec, LLC received a Paycheck Protection Loan of $3M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cortec, LLC's total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $75,393 per employee1.
Business Information - Cortec, LLC in Houma, LA
208 Equity Boulevard,
Houma, LA 70360
Industrial Valve Manufacturing (NAICS code 332911)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-01
Similar Companies near Houma
In the Houma area, 2 businesses in the "Industrial Valve Manufacturing" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 191) and received an average PPP loan of $1,806,500 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
GEM-Trim Of Houma, Lla
Industry PPP Comparison Statistics
Nationwide, 516 businesses in the "Industrial Valve Manufacturing" industry received a total of $215,302,563.00 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 27 employees, 86% lower than Cortec, LLC's reported 191 employees, and received an average PPP loan of $417,253, 86% lower than this company's loan of $3M.
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Footnotes & Information
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