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PPP Loan Data — Harvey Gulf International Marine, LLC, New Orleans, LA

SBA PPP loan data, payroll data, and salaries for Harvey Gulf International Marine, LLC
LA

Harvey Gulf International Marine, LLC

Entity: Limited Liability Company (LLC)

Industry: Coastal and Great Lakes Freight Transportation

Location: New Orleans, LA

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Harvey Gulf International Marine, LLC is a limited liability company (LLC) located at 701 Poydras Street Suite 3700 in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $8,606,495.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.61M

Jobs Retained:

500

Loan Approved:

2020-04-27

Lender:

GULF COAST BANK

Harvey Gulf International Marine, LLC received a Paycheck Protection Loan of $8.61M through GULF COAST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Harvey Gulf International Marine, LLC's total 2019 payroll expenses were approximately $41.31M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $82,622 per employee1.

Because the loan received by Harvey Gulf International Marine, 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 - Harvey Gulf International Marine, LLC in New Orleans, LA

Harvey Gulf International Marine, LLC
701 Poydras Street Suite 3700
New Orleans, LA 70139

Business Industry

Coastal and Great Lakes Freight Transportation (NAICS code 483113)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-02

Industry PPP Comparison Statistics

Nationwide, 181 businesses in the "Coastal and Great Lakes Freight Transportation" industry received a total of $64,439,343.00 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 23 employees, 95% lower than Harvey Gulf International Marine, LLC's reported 500 employees, and received an average PPP loan of $356,018, 96% lower than this company's loan of $8.61M.

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.

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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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/harvey-gulf-international-marine-llc-new-orleans-la