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PPP Loan Data — International Bonded Couriers Inc,
Doral, 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:
Jobs Retained:
273Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONInternational 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.
Business Information - International Bonded Couriers Inc in Doral, FL
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-25Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Kevin Cisnero Cordoves
Cutler Bay, FL
Domex USA LP
Miami, FL
E-Box Logistics LLC
Miami, FL
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.
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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