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PPP Loan Data — Crosby Dredging LLC, Galliano, LA

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

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:


Jobs Retained:


Loan Approved:




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.

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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 - The Civil Employee's Resource **