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PPP Loan Data — Edgewater Holdings Pcb Inc, Panama City Beach, FL

SBA PPP loan data, payroll data, and salaries for Edgewater Holdings Pcb Inc
FL

Edgewater Holdings Pcb Inc

Entity: Corporation

Industry: Offices of Other Holding Companies

Location: Panama City Beach, FL

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Edgewater Holdings Pcb Inc is a corporation located at 11212 Front Beach Rd in Panama City Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $2,617,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.62M

Jobs Retained:

200

Loan Approved:

2020-04-09

Lender:

SERVISFIRST BANK

Edgewater Holdings Pcb Inc in Panama City Beach, FL received a Paycheck Protection Loan of $2.62M through SERVISFIRST BANK, which was approved in April, 2020.

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

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $62,827 per employee1.

Because the loan received by Edgewater Holdings Pcb Inc 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 - Edgewater Holdings Pcb Inc in Panama City Beach, FL

Edgewater Holdings Pcb Inc
11212 Front Beach Rd
Panama City Beach, FL 32407

Business Industry

Offices of Other Holding Companies (NAICS code 551112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: FL-02

Similar Companies near Panama City Beach

In the Panama City Beach area, 3 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 131 employees (compared to this company's 200) and received an average PPP loan of $1,185,800 (compared to this company's $2.62M).

Industry PPP Comparison Statistics

Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 93% lower than Edgewater Holdings Pcb Inc's reported 200 employees, and received an average PPP loan of $160,790, 94% 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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/edgewater-holdings-pcb-inc-panama-city-beach-fl