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PPP Loan Data — Loos & Co Inc, Naples, FL

SBA PPP loan data, payroll data, and salaries for Loos & Co Inc
FL

Loos & Co Inc

Entity: Corporation

Industry: Other Fabricated Wire Product Manufacturing

Location: Naples, FL

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Loos & Co Inc is a corporation located at 901 Industrial Blvd in Naples, Florida that received a Coronavirus-related PPP loan from the SBA of $4,465,837.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$4.47M

Jobs Retained:

326

Loan Approved:

2020-06-03

Lender:

HSBC BANK USA, NATIONAL ASSOCIATION

Loos & Co Inc received a Paycheck Protection Loan of $4.47M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in June, 2020.

Based on standard PPP eligibility rules, Loos & Co Inc's total 2019 payroll expenses were approximately $21.44M in order to qualify for the PPP loan amount received.

Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $65,755 per employee1.

Because the loan received by Loos & Co 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 - Loos & Co Inc in Naples, FL

Loos & Co Inc
901 Industrial Blvd
Naples, FL 34104

Business Industry

Other Fabricated Wire Product Manufacturing (NAICS code 332618)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-19

Industry PPP Comparison Statistics

Nationwide, 500 businesses in the "Other Fabricated Wire Product Manufacturing" industry received a total of $174,854,776.00 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, 92% lower than Loos & Co Inc's reported 326 employees, and received an average PPP loan of $349,710, 92% lower than this company's loan of $4.47M.

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/loos-and-co-inc-naples-fl