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PPP Loan Data — Florida Geotechnical Engineering Inc,
Tampa, FL
Florida Geotechnical Engineering Inc
Entity: Corporation
Industry: Engineering Services
Location: Tampa, FL
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Florida Geotechnical Engineering Inc is a corporation located at 2212 E 4th Ave in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $181,862.00 in February, 2021.
$
PPP Loan Information
Loan #3363878508
Loan Size:
Jobs Retained:
11Loan Approved:
2021-02-23Loan Status:
Paid in Full or ForgivenLender:
Truist Bank d/b/a Branch Banking & Trust CoFlorida Geotechnical Engineering Inc in Tampa, FL received a Paycheck Protection Loan of $181,862 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Florida Geotechnical Engineering Inc's 2019 payroll expenses are estimated to be at least $872,938.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $79,358 per employee1
Reported PPP Proceed Usage:
On the PPP application, Florida Geotechnical Engineering Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $181,861
- Utilities: $1
Business Information - Florida Geotechnical Engineering Inc in Tampa, FL
2212 E 4th Ave
Tampa, FL 33605
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 32 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 11) and received an average PPP loan of $161,213 (compared to this company's $181,862).
Similar Nearby Businesses Who Received PPP Funding:
Decaro Structural Inc
Tampa, FL
Marcus Hicks
Tampa, FL
Colwill Engineering Electrical
Tampa, FL
Traf-O-Data Corp
Tampa, FL
Colwill Engineering, Inc
Tampa, FL
Award Engineering Inc
Tampa, FL
Campo Engineering Inc
Tampa, FL
Colwill Engineering Consulting Engineers Inc
Tampa, FL
Beryl Project Engineering
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 18% higher than Florida Geotechnical Engineering Inc's reported 11 employees, and received an average PPP loan of $196,935, 8% higher than this company's loan of $181,862.
Florida Geotechnical Engineering, Inc
Entity: Corporation
Industry: Engineering Services
Location: Tampa, FL
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•
Search All PPP Data
Florida Geotechnical Engineering, Inc is a corporation located at 2212 East 4th Avenue in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $192,700.00 in May, 2020.
$
PPP Loan Information
Loan #2626637410
Loan Size:
Jobs Retained:
12Loan Approved:
2020-05-06Loan Status:
Paid in Full or ForgivenLender:
Truist Bank d/b/a Branch Banking & Trust CoFlorida Geotechnical Engineering, Inc in Tampa, FL received a Paycheck Protection Loan of $192,700 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Florida Geotechnical Engineering, Inc's 2019 payroll expenses are estimated to be at least $924,960.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $77,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Florida Geotechnical Engineering, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $192,700
Business Information - Florida Geotechnical Engineering, Inc in Tampa, FL
2212 East 4th Avenue
Tampa, FL 33605
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 32 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 12) and received an average PPP loan of $161,213 (compared to this company's $192,700).
Similar Nearby Businesses Who Received PPP Funding:
Decaro Structural Inc
Tampa, FL
Marcus Hicks
Tampa, FL
Colwill Engineering Electrical
Tampa, FL
Traf-O-Data Corp
Tampa, FL
Colwill Engineering, Inc
Tampa, FL
Award Engineering Inc
Tampa, FL
Campo Engineering Inc
Tampa, FL
Colwill Engineering Consulting Engineers Inc
Tampa, FL
Beryl Project Engineering
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 8% higher than Florida Geotechnical Engineering, Inc's reported 12 employees, and received an average PPP loan of $196,935, 2% higher than this company's loan of $192,700.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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