PPP Loan Data — Federal Protection Inc, Springfield, MO
Federal Protection Inc is a subchapter s corporation located at 2500 N Airport Commerce Ave in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,990,200.00 in April, 2020.
$ PPP Loan Information
Lender:STATE BANK OF SOUTHWEST MISSOURI
Federal Protection Inc in Springfield, MO received a Paycheck Protection Loan of $2.99M through STATE BANK OF SOUTHWEST MISSOURI, which was approved in April, 2020.
Based on standard PPP eligibility rules, Federal Protection Inc's total 2019 payroll expenses were approximately $14.35M in order to qualify for the PPP loan amount received.
Based on their reported 247 jobs retained, this equals an estimated average yearly compensation of $58,109 per employee1.
Business Information - Federal Protection Inc in Springfield, MO
2500 N Airport Commerce Ave
Springfield, MO 65803
Security Systems Services (except Locksmiths) (NAICS code 561621)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-07
Similar Companies near Springfield
In the Springfield area, 3 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 247) and received an average PPP loan of $1,074,067 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
Federal Response Center Inc
FP Montana, LLC
Industry PPP Comparison Statistics
Nationwide, 5,289 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $839,803,057.00 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, 94% lower than Federal Protection Inc's reported 247 employees, and received an average PPP loan of $158,783, 95% lower than this company's loan of $2.99M.
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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