PPP Loan Data — Globalstar, Inc., Covington, LA
Location: Covington, LATweet This • Search All PPP Data
Globalstar, Inc. is a corporation located at 1351 Holiday Square Blvd. in Covington, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,973,400.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Globalstar, Inc. in Covington, LA received a Paycheck Protection Loan of $4.97M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Globalstar, Inc.'s total 2019 payroll expenses were approximately $23.87M in order to qualify for the PPP loan amount received.
Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $93,617 per employee1.
Business Information - Globalstar, Inc. in Covington, LA
1351 Holiday Square Blvd.
Covington, LA 70433
Wireless Telecommunications Carriers (except Satellite) (NAICS code 517312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-01
Industry PPP Comparison Statistics
Nationwide, 2,003 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a total of $261,156,310.00 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 13 employees, 95% lower than Globalstar, Inc.'s reported 255 employees, and received an average PPP loan of $130,383, 97% lower than this company's loan of $4.97M.
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Footnotes & Information
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