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PPP Loan Data — Firefly Aerospace Inc, Cedar Park, TX

SBA PPP loan data, payroll data, and salaries for Firefly Aerospace Inc
TX

Firefly Aerospace Inc

Entity: Corporation

Industry: Guided Missile and Space Vehicle Manufacturing

Location: Cedar Park, TX

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Firefly Aerospace Inc is a corporation located at 1320 Arrow Point Dr in Cedar Park, Texas that received a Coronavirus-related PPP loan from the SBA of $4,478,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.48M

Jobs Retained:

270

Loan Approved:

2020-04-09

Lender:

FIRST UNITED BANK AND TRUST COMPANY

Firefly Aerospace Inc received a Paycheck Protection Loan of $4.48M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Firefly Aerospace Inc's total 2019 payroll expenses were approximately $21.5M in order to qualify for the PPP loan amount received.

Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $79,614 per employee1.

Because the loan received by Firefly Aerospace 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 - Firefly Aerospace Inc in Cedar Park, TX

Firefly Aerospace Inc
1320 Arrow Point Dr
Cedar Park, TX 78613

Business Industry

Guided Missile and Space Vehicle Manufacturing (NAICS code 336414)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-31

Industry PPP Comparison Statistics

Nationwide, 25 businesses in the "Guided Missile and Space Vehicle Manufacturing" industry received a total of $23,615,269.00 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 56 employees, 79% lower than Firefly Aerospace Inc's reported 270 employees, and received an average PPP loan of $944,611, 79% lower than this company's loan of $4.48M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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Source: www.federalpay.org/paycheck-protection-program/firefly-aerospace-inc-cedar-park-tx