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PPP Loan Data — Frank Flori Equipment Company Inc,
Maryland Heights, MO
Frank Flori Equipment Company Inc
Entity: Corporation
Industry: Industrial Machinery and Equipment Merchant Wholesalers
Location: Maryland Heights, MO
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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.
$ PPP Loan Information
Loan Size:
Jobs Retained:
9Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONFrank Flori Equipment Company Inc received a Paycheck Protection Loan of $169,415 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Frank Flori Equipment Company Inc's total 2019 payroll expenses were approximately $813,192 in order to qualify for the PPP loan amount received.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $90,355 per employee1.
Business Information - Frank Flori Equipment Company Inc in Maryland Heights, MO
2430 Northline Industrial Dr
Maryland Heights, MO 63043
Business Industry
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MO-01Similar Companies near Maryland Heights
In the Maryland Heights area, 11 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 9) and received an average PPP loan of $793,367 (compared to this company's $169,415).
Similar Nearby Businesses Who Received PPP Funding:
Blackmore And Glunt Inc
Maryland Heights, MO
Hydromat Incorporated
Maryland Heights, MO
APA Holdings, Inc.
Maryland Heights, MO
Hammer & Steel, Inc.
Hazelwood, MO
Midwest Tool & Supply Co.
Maryland Heights, MO
Motor Control Specialties, Inc.
Maryland Heights, MO
Lee Horneyer Company
Maryland Heights, MO
Mobile And Industrial Inc
Bridgeton, MO
Industry PPP Comparison Statistics
Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 67% higher than Frank Flori Equipment Company Inc's reported 9 employees, and received an average PPP loan of $234,110, 38% 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.
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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