PPP Loan Data — Masse Contracting Inc, Lockport, LA
Masse Contracting Inc is a corporation located at 5644 Highway 1 in Lockport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,527,161.00 in April, 2020.
$ PPP Loan Information
Lender:UNITED COMMUNITY BANK
Masse Contracting Inc received a Paycheck Protection Loan of $3.53M through UNITED COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Masse Contracting Inc's total 2019 payroll expenses were approximately $16.93M in order to qualify for the PPP loan amount received.
Based on their reported 389 jobs retained, this equals an estimated average yearly compensation of $43,523 per employee1.
Business Information - Masse Contracting Inc in Lockport, LA
5644 Highway 1
Lockport, LA 70374
Ship Building and Repairing (NAICS code 336611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-01
Similar Companies near Lockport
In the Lockport area, 4 businesses in the "Ship Building and Repairing" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 389) and received an average PPP loan of $1,012,576 (compared to this company's $3.53M).
Similar Nearby Businesses Who Received PPP Funding:
David Industries, Inc.
Allied Shipyard Inc
Rockin D Offshore, 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, 94% lower than Masse Contracting Inc's reported 389 employees, and received an average PPP loan of $408,892, 88% lower than this company's loan of $3.53M.
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Footnotes & Information
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