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PPP Loan Data — High Cotton Charters, Orange Beach, AL

SBA PPP loan data, payroll data, and salaries for High Cotton Charters
AL

High Cotton Charters

Entity: Limited Liability Company (LLC)

Industry: Scenic and Sightseeing Transportation, Water

Location: Orange Beach, AL

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High Cotton Charters is a limited liability company (LLC) located in Orange Beach, Alabama that received a Coronavirus-related PPP loan from the SBA of $13,677.00 in May, 2020.

$ PPP Loan Information
Loan #6218487401

Loan Size:

$13,677

Jobs Retained:

1

Loan Approved:

2020-05-14

Loan Status:

Paid in Full or Forgiven

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

High Cotton Charters in Orange Beach, AL received a Paycheck Protection Loan of $13,677 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, High Cotton Charters reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,677

Business Information - High Cotton Charters in Orange Beach, AL

High Cotton Charters
Orange Beach, AL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Scenic and Sightseeing Transportation, Water
NAICS code 487210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Baldwin County, AL — SBA Office 0459 — Congressional District: AL-01

Similar Companies near Orange Beach

In the Orange Beach area, 24 businesses in the "Scenic and Sightseeing Transportation, Water" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $25,547 (compared to this company's $13,677).

Industry PPP Comparison Statistics

Nationwide, 2,361 businesses in the "Scenic and Sightseeing Transportation, Water" industry received a total of $137.75M 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 8 employees, 700% higher than High Cotton Charters' reported 1 employees, and received an average PPP loan of $58,345, 327% higher than this company's loan of $13,677.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/high-cotton-charters-orange-beach-al