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PPP Loan Data — Flooring Paymaster, LLC,
Newcastle, DE
Flooring Paymaster, LLC
Entity: Limited Liability Company (LLC)
Industry: Payroll Services
Location: Newcastle, DE
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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
Loan Size:
Jobs Retained:
323Loan Approved:
2020-04-15Lender:
MANUFACTURERS AND TRADERS TRUST COMPANYFlooring 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
Business Industry
Payroll Services (NAICS code 541214)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional 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.
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.
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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