PPP Loan Data — Daybrook Fisheries, Inc, New Orleans, LA
Daybrook Fisheries, Inc is a corporation located at 365 Canal Street Suite 2300 in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,683,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
Daybrook Fisheries, Inc in New Orleans, LA received a Paycheck Protection Loan of $1.68M through BMO Harris Bank National Association, 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 April, 2021.
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, Daybrook Fisheries, Inc's 2019 payroll expenses are estimated to be at least $8.08M.
Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $67,894 per employee1
Reported PPP Proceed Usage:
On the PPP application, Daybrook Fisheries, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,683,200
Business Information - Daybrook Fisheries, Inc in New Orleans, LA
365 Canal Street Suite 2300
New Orleans, LA 70130
Seafood Product Preparation and Packaging
NAICS code 311710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near New Orleans
In the New Orleans area, 2 businesses in the "Seafood Product Preparation and Packaging" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 119) and received an average PPP loan of $851,763 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
New Orleans, LA
Industry PPP Comparison Statistics
Nationwide, 1,092 businesses in the "Seafood Product Preparation and Packaging" industry received a total of $195.24M 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 22 employees, 82% lower than Daybrook Fisheries, Inc's reported 119 employees, and received an average PPP loan of $178,793, 89% lower than this company's loan of $1.68M.
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Footnotes & Information
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