PPP Loan Data — Gulf Logistics Operatng, Inc, Larose, LA
Gulf Logistics Operatng, Inc is a subchapter s corporation located at 11828 Hwy 1 0.0 in Larose, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,581,945.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Gulf Logistics Operatng, Inc in Larose, LA received a Paycheck Protection Loan of $1.58M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Gulf Logistics Operatng, Inc's 2019 payroll expenses are estimated to be at least $7.59M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $58,410 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gulf Logistics Operatng, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,461,145
- Utilities: $12,000
- Mortgage Interest: $800
- Rent: $50,000
- Health Care: $58,000
Business Information - Gulf Logistics Operatng, Inc in Larose, LA
11828 Hwy 1 0.0
Larose, LA 70373
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Larose
In the Larose area, 14 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 130) and received an average PPP loan of $540,905 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
BKL Brokerage & Management, LLC
Bordelon Marine Holding, LLC
Pro Tech Integrated Services, LLC
Bayou Gauging And Services Inc
Total Wireline Services, Inc
Pioneer Production Services Inc
Industry PPP Comparison Statistics
Nationwide, 20,810 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.86B 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 12 employees, 91% lower than Gulf Logistics Operatng, Inc's reported 130 employees, and received an average PPP loan of $185,360, 88% lower than this company's loan of $1.58M.
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Footnotes & Information
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