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PPP Loan Data — Flooring Systems Inc, Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for Flooring Systems Inc
MO

Flooring Systems Inc

Entity: Subchapter S Corporation

Industry: Flooring Contractors

Location: Saint Louis, MO

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Flooring Systems Inc is a subchapter s corporation located at 4130 Meramec Bottom Road in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $5,579,515.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.58M

Jobs Retained:

278

Loan Approved:

2020-04-08

Lender:

CARROLLTON BANK

Flooring Systems Inc in Saint Louis, MO received a Paycheck Protection Loan of $5.58M through CARROLLTON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Flooring Systems Inc's total 2019 payroll expenses were approximately $26.78M in order to qualify for the PPP loan amount received.

Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $96,337 per employee1.

Because the loan received by Flooring Systems 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 - Flooring Systems Inc in Saint Louis, MO

Flooring Systems Inc
4130 Meramec Bottom Road
Saint Louis, MO 63129

Business Industry

Flooring Contractors (NAICS code 238330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-02

Similar Companies near Saint Louis

In the Saint Louis area, 5 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 278) and received an average PPP loan of $1,309,144 (compared to this company's $5.58M).

Industry PPP Comparison Statistics

Nationwide, 11,459 businesses in the "Flooring Contractors" industry received a total of $864,656,941.00 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 6 employees, 98% lower than Flooring Systems Inc's reported 278 employees, and received an average PPP loan of $75,457, 99% lower than this company's loan of $5.58M.

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.

Search FederalPay's Full PPP Loan Database

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/flooring-systems-inc-saint-louis-mo