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PPP Loan Data — Jindal Tubular USA LLC, Bay Saint Louis, MS

SBA PPP loan data, payroll data, and salaries for Jindal Tubular USA LLC
MS

Jindal Tubular USA LLC

Entity: Limited Liability Company (LLC)

Industry: Iron and Steel Pipe and Tube Manufacturing from Purchased Steel

Location: Bay Saint Louis, MS

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Jindal Tubular USA LLC is a limited liability company (LLC) located at 13092 Sea Plane Road in Bay Saint Louis, Mississippi that received a Coronavirus-related PPP loan from the SBA of $5,081,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.08M

Jobs Retained:

285

Loan Approved:

2020-04-28

Lender:

ZIONS BANK, A DIVISION OF

Jindal Tubular USA LLC in Bay Saint Louis, MS received a Paycheck Protection Loan of $5.08M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jindal Tubular USA LLC's total 2019 payroll expenses were approximately $24.39M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $85,585 per employee1.

Because the loan received by Jindal Tubular USA 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 - Jindal Tubular USA LLC in Bay Saint Louis, MS

Jindal Tubular USA LLC
13092 Sea Plane Road
Bay Saint Louis, MS 39520

Business Industry

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (NAICS code 331210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MS-04

Industry PPP Comparison Statistics

Nationwide, 804 businesses in the "Iron and Steel Pipe and Tube Manufacturing from Purchased Steel" industry received a total of $294,504,645.00 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 27 employees, 91% lower than Jindal Tubular USA LLC's reported 285 employees, and received an average PPP loan of $366,299, 93% lower than this company's loan of $5.08M.

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/jindal-tubular-usa-llc-bay-saint-louis-ms