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PPP Loan Data — International Bonded Couriers Inc, Doral, FL

SBA PPP loan data, payroll data, and salaries for International Bonded Couriers Inc
FL

International Bonded Couriers Inc

Entity: Corporation

Industry: Couriers and Express Delivery Services

Location: Doral, FL

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International Bonded Couriers Inc is a corporation located at 8401 Nw 17th St in Doral, Florida that received a Coronavirus-related PPP loan from the SBA of $2,665,483.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.67M

Jobs Retained:

273

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

International Bonded Couriers Inc in Doral, FL received a Paycheck Protection Loan of $2.67M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, International Bonded Couriers Inc's total 2019 payroll expenses were approximately $12.79M in order to qualify for the PPP loan amount received.

Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $46,866 per employee1.

Because the loan received by International Bonded Couriers Inc 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 - International Bonded Couriers Inc in Doral, FL

International Bonded Couriers Inc
8401 Nw 17th St
Doral, FL 33191

Business Industry

Couriers and Express Delivery Services (NAICS code 492110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-25

Similar Companies near Doral

In the Doral area, 4 businesses in the "Couriers and Express Delivery Services" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 273) and received an average PPP loan of $729,729 (compared to this company's $2.67M).

Industry PPP Comparison Statistics

Nationwide, 5,089 businesses in the "Couriers and Express Delivery Services" industry received a total of $466,737,431.00 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 11 employees, 96% lower than International Bonded Couriers Inc's reported 273 employees, and received an average PPP loan of $91,715, 97% lower than this company's loan of $2.67M.

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/international-bonded-couriers-inc-doral-fl