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PPP Loan Data — Global Vessel And Tank, LLC, Lafayette, LA

SBA PPP loan data, payroll data, and salaries for Global Vessel And Tank, LLC

Global Vessel And Tank, LLC

Entity: Limited Liability Company (LLC)

Industry: Metal Tank (Heavy Gauge) Manufacturing

Location: Lafayette, LA

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Global Vessel And Tank, LLC is a limited liability company (LLC) located at 117 Liberty Ave in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,552,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Global Vessel And Tank, LLC in Lafayette, LA received a Paycheck Protection Loan of $2.55M through HANCOCK WHITNEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Global Vessel And Tank, LLC's total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.

Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $54,942 per employee1.

Because the loan received by Global Vessel And Tank, LLC 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 - Global Vessel And Tank, LLC in Lafayette, LA

Global Vessel And Tank, LLC
117 Liberty Ave
Lafayette, LA 70508

Business Industry

Metal Tank (Heavy Gauge) Manufacturing (NAICS code 332420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-03

Industry PPP Comparison Statistics

Nationwide, 294 businesses in the "Metal Tank (Heavy Gauge) Manufacturing" industry received a total of $166,175,006.00 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 39 employees, 83% lower than Global Vessel And Tank, LLC's reported 223 employees, and received an average PPP loan of $565,221, 78% lower than this company's loan of $2.55M.

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.

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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 - The Civil Employee's Resource **