PPP Loan Data — Crosby Dredging LLC, Galliano, LA
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
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.
Business Information - Crosby Dredging LLC in Galliano, LA
17771 Highway 3235
Galliano, LA 70354
Coastal and Great Lakes Freight Transportation (NAICS code 483113)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Sea Supply, Inc.
B & J Martin, Inc.
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.
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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