PPP Loan Data — Craig Technical Consulting, Inc, Merritt Island, FL
Craig Technical Consulting, Inc is a limited liability company (LLC) located at 150 N Sykes Creek Pkwy, Suite 200 in Merritt Island, Florida that received a Coronavirus-related PPP loan from the SBA of $4,357,425.00 in April, 2020.
The company has reported itself as a Hispanic female owned business, and employed at least 238 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST FLORIDA INTEGRITY BANK
Craig Technical Consulting, Inc in Merritt Island, FL received a Paycheck Protection Loan of $4.36M through FIRST FLORIDA INTEGRITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Craig Technical Consulting, Inc's total 2019 payroll expenses were approximately $20.92M in order to qualify for the PPP loan amount received.
Based on their reported 238 jobs retained, this equals an estimated average yearly compensation of $87,881 per employee1.
Business Information - Craig Technical Consulting, Inc in Merritt Island, FL
150 N Sykes Creek Pkwy, Suite 200
Merritt Island, FL 32952
Guided Missile and Space Vehicle Manufacturing (NAICS code 336414)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: FEMALE OWNED
Veteran Status: VETERANCongressional District: FL-08
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, 76% lower than Craig Technical Consulting, Inc's reported 238 employees, and received an average PPP loan of $944,611, 78% lower than this company's loan of $4.36M.
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.
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