PPP Loan Data — Flooring Paymaster, LLC, Newcastle, DE
Flooring Paymaster, LLC is a limited liability company (LLC) located at 230 North Dupont Highway in Newcastle, Delaware that received a Coronavirus-related PPP loan from the SBA of $2,894,417.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Flooring Paymaster, LLC received a Paycheck Protection Loan of $2.89M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Flooring Paymaster, LLC's total 2019 payroll expenses were approximately $13.89M in order to qualify for the PPP loan amount received.
Based on their reported 323 jobs retained, this equals an estimated average yearly compensation of $43,013 per employee1.
Business Information - Flooring Paymaster, LLC in Newcastle, DE
230 North Dupont Highway
Newcastle, DE 19720
Payroll Services (NAICS code 541214)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DE-
Industry PPP Comparison Statistics
Nationwide, 2,351 businesses in the "Payroll Services" industry received a total of $440,646,100.00 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 17 employees, 95% lower than Flooring Paymaster, LLC's reported 323 employees, and received an average PPP loan of $187,429, 94% lower than this company's loan of $2.89M.
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Footnotes & Information
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