PPP Loan Data — Cougar Cutting, Inc, Fort Myers, FL
Cougar Cutting, Inc
Location: Fort Myers, FLTweet This • Search All PPP Data
Cougar Cutting, Inc is a corporation located at 5420 Division Dr in Fort Myers, Florida that received a Coronavirus-related PPP loan from the SBA of $1,951,045.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 151 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Edison National Bank
Cougar Cutting, Inc in Fort Myers, FL received a Paycheck Protection Loan of $1.95M through Edison National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cougar Cutting, Inc's 2019 payroll expenses are estimated to be at least $9.37M.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $62,020 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cougar Cutting, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,951,045
Business Information - Cougar Cutting, Inc in Fort Myers, FL
5420 Division Dr
Fort Myers, FL 33905
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fort Myers
In the Fort Myers area, 4 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 151) and received an average PPP loan of $560,772 (compared to this company's $1.95M).
Similar Nearby Businesses Who Received PPP Funding:
Abash Concrete Cutting LLC
Cape Coral, FL
Flint And Doyle Structural Movers, Inc
Fort Myers, FL
K & M Concrete Inc
Fort Myers, FL
Industry PPP Comparison Statistics
Nationwide, 21,801 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 91% lower than Cougar Cutting, Inc's reported 151 employees, and received an average PPP loan of $138,620, 93% lower than this company's loan of $1.95M.
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