PPP Loan Data — Lyon Shipyard, Inc., Norfolk, VA
Lyon Shipyard, Inc. is a corporation located at 1818 Brown Avenue in Norfolk, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,625,199.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 248 people during the applicable loan loan period.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Lyon Shipyard, Inc. in Norfolk, VA received a Paycheck Protection Loan of $3.63M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lyon Shipyard, Inc.'s total 2019 payroll expenses were approximately $17.4M in order to qualify for the PPP loan amount received.
Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $70,165 per employee1.
Business Information - Lyon Shipyard, Inc. in Norfolk, VA
1818 Brown Avenue
Norfolk, VA 23504
Ship Building and Repairing (NAICS code 336611)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: VA-03
Similar Companies near Norfolk
In the Norfolk area, 4 businesses in the "Ship Building and Repairing" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 248) and received an average PPP loan of $1,593,588 (compared to this company's $3.63M).
Similar Nearby Businesses Who Received PPP Funding:
Auxiliary Systems Inc
Cova Ship Repair, Inc
Surface Preparation And Coatings LLC
Industry PPP Comparison Statistics
Nationwide, 683 businesses in the "Ship Building and Repairing" industry received a total of $279,273,080.00 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 25 employees, 90% lower than Lyon Shipyard, Inc.'s reported 248 employees, and received an average PPP loan of $408,892, 89% lower than this company's loan of $3.63M.
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Footnotes & Information
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