PPP Loan Data — Costex Corporation, Miami, FL
Costex Corporation is a corporation located at 6100 Nw 77th Ct in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $2,980,747.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least 359 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Costex Corporation in Miami, FL received a Paycheck Protection Loan of $2.98M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Costex Corporation's total 2019 payroll expenses were approximately $14.31M in order to qualify for the PPP loan amount received.
Based on their reported 359 jobs retained, this equals an estimated average yearly compensation of $39,854 per employee1.
Business Information - Costex Corporation in Miami, FL
6100 Nw 77th Ct
Miami, FL 33166
Construction Machinery Manufacturing (NAICS code 333120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: FL-25
Similar Companies near Miami
In the Miami area, 2 businesses in the "Construction Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 180 employees (compared to this company's 359) and received an average PPP loan of $1,500,561 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
Jorge Luis Fontaine
Industry PPP Comparison Statistics
Nationwide, 969 businesses in the "Construction Machinery Manufacturing" industry received a total of $249,568,529.00 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 19 employees, 95% lower than Costex Corporation's reported 359 employees, and received an average PPP loan of $257,553, 91% lower than this company's loan of $2.98M.
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.
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!