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PPP Loan Data — Crosby Dredging LLC, Galliano, LA

SBA PPP loan data, payroll data, and salaries for Crosby Dredging LLC
LA

Crosby Dredging LLC

Entity: Limited Liability Company (LLC)

Industry: Coastal and Great Lakes Freight Transportation

Location: Galliano, LA

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Crosby Dredging LLC is a limited liability company (LLC) located at 17771 Highway 3235 in Galliano, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,618,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.62M

Jobs Retained:

154

Loan Approved:

2020-04-10

Lender:

GULF COAST BANK AND TRUST COMPANY

Crosby Dredging LLC in Galliano, LA received a Paycheck Protection Loan of $2.62M through GULF COAST BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Crosby Dredging LLC's total 2019 payroll expenses were approximately $12.57M in order to qualify for the PPP loan amount received.

Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $81,612 per employee1.

Because the loan received by Crosby Dredging LLC 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 - Crosby Dredging LLC in Galliano, LA

Crosby Dredging LLC
17771 Highway 3235
Galliano, LA 70354

Business Industry

Coastal and Great Lakes Freight Transportation (NAICS code 483113)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-01

Similar Companies near Galliano

In the Galliano area, 3 businesses in the "Coastal and Great Lakes Freight Transportation" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 154) and received an average PPP loan of $1,033,533 (compared to this company's $2.62M).

Industry PPP Comparison Statistics

Nationwide, 181 businesses in the "Coastal and Great Lakes Freight Transportation" industry received a total of $64,439,343.00 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 23 employees, 85% lower than Crosby Dredging LLC's reported 154 employees, and received an average PPP loan of $356,018, 86% lower than this company's loan of $2.62M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/crosby-dredging-llc-galliano-la