PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Frank Flori Equipment Company Inc, Maryland Heights, MO

ALERT: There are 2 PPP loans for a total of $319,415 in our database for businesses with the name "Frank Flori Equipment Company Inc" in Maryland Heights, MO. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Frank Flori Equipment Company Inc
MO

Frank Flori Equipment Company Inc

Entity: Corporation

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Maryland Heights, MO

Search All PPP Data

Frank Flori Equipment Company Inc is a corporation located at 2430 Northline Industrial Dr in Maryland Heights, Missouri that received a Coronavirus-related PPP loan from the SBA of $150,000.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least nine people during the applicable loan loan period.

$ PPP Loan Information
Loan #7896858503

Loan Size:

$150,000

Jobs Retained:

9

Loan Approved:

2021-03-08

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Frank Flori Equipment Company Inc in Maryland Heights, MO received a Paycheck Protection Loan of $150,000 through Bank of America, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Frank Flori Equipment Company Inc's 2019 payroll expenses are estimated to be at least $720,000.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $80,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Frank Flori Equipment Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $149,999

Business Information - Frank Flori Equipment Company Inc in Maryland Heights, MO

Frank Flori Equipment Company Inc
2430 Northline Industrial Dr
Maryland Heights, MO 63043

Business Industry:
Industrial Machinery and Equipment Merchant Wholesalers
NAICS code 423830

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Saint Louis County, MO — SBA Office 0768 — Congressional District: MO-01

Similar Companies near Maryland Heights

In the Maryland Heights area, 16 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 9) and received an average PPP loan of $757,971 (compared to this company's $150,000).

Industry PPP Comparison Statistics

Nationwide, 10,665 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $2.2B 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 16 employees, 78% higher than Frank Flori Equipment Company Inc's reported 9 employees, and received an average PPP loan of $206,675, 38% higher than this company's loan of $150,000.

SBA PPP loan data, payroll data, and salaries for Frank Flori Equipment Company Inc
MO

Frank Flori Equipment Company Inc

Entity: Corporation

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Maryland Heights, MO

Search All PPP Data

Frank Flori Equipment Company Inc is a corporation located at 2430 Northline Industrial Dr in Maryland Heights, Missouri that received a Coronavirus-related PPP loan from the SBA of $169,415.00 in May, 2020.

The company has reported itself as a White male owned business, and employed at least nine people during the applicable loan loan period.

$ PPP Loan Information
Loan #5238517705

Loan Size:

$169,415

Jobs Retained:

9

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Frank Flori Equipment Company Inc in Maryland Heights, MO received a Paycheck Protection Loan of $169,415 through Bank of America, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Frank Flori Equipment Company Inc's 2019 payroll expenses are estimated to be at least $813,192.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $90,355 per employee1

Reported PPP Proceed Usage:

On the PPP application, Frank Flori Equipment Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $169,415

Business Information - Frank Flori Equipment Company Inc in Maryland Heights, MO

Frank Flori Equipment Company Inc
2430 Northline Industrial Dr
Maryland Heights, MO 63043

Business Industry:
Industrial Machinery and Equipment Merchant Wholesalers
NAICS code 423830

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Saint Louis County, MO — SBA Office 0768 — Congressional District: MO-01

Similar Companies near Maryland Heights

In the Maryland Heights area, 16 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 9) and received an average PPP loan of $757,971 (compared to this company's $169,415).

Industry PPP Comparison Statistics

Nationwide, 10,665 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $2.2B 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 16 employees, 78% higher than Frank Flori Equipment Company Inc's reported 9 employees, and received an average PPP loan of $206,675, 22% higher than this company's loan of $169,415.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/frank-flori-equipment-company-inc-maryland-heights-mo