PPP Loan Data — EDG, Inc., Metairie, LA
EDG, Inc. is a subchapter s corporation located at 3900 North Causeway Blvd in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $7,182,035.00 in April, 2020.
$ PPP Loan Information
EDG, Inc. in Metairie, LA received a Paycheck Protection Loan of $7.18M through SOUTHSIDE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, EDG, Inc.'s total 2019 payroll expenses were approximately $34.47M in order to qualify for the PPP loan amount received.
Based on their reported 395 jobs retained, this equals an estimated average yearly compensation of $87,275 per employee1.
Business Information - EDG, Inc. in Metairie, LA
3900 North Causeway Blvd
Metairie, LA 70002
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-01
Similar Companies near Metairie
In the Metairie area, 23 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 395) and received an average PPP loan of $928,458 (compared to this company's $7.18M).
Similar Nearby Businesses Who Received PPP Funding:
N-Y Associates Inc
Apec Arch And Pillars Engineering & Construction, Inc.
Hydrocarbon Engineering LLC
U S Forensic LLC
ECM Consultants, Inc.
Eustis Engineering, LLC
Stuart Consulting Group, Inc.
Engineering & Inspection Services
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 96% lower than EDG, Inc.'s reported 395 employees, and received an average PPP loan of $249,856, 97% lower than this company's loan of $7.18M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!