PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Masse Contracting Inc, Lockport, LA

SBA PPP loan data, payroll data, and salaries for Masse Contracting Inc
LA

Masse Contracting Inc

Entity: Corporation

Industry: Ship Building and Repairing

Location: Lockport, LA

Search All PPP Data

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

Loan Size:

$3.53M

Jobs Retained:

389

Loan Approved:

2020-04-14

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.

Because the loan received by Masse Contracting 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 - Masse Contracting Inc in Lockport, LA

Masse Contracting Inc
5644 Highway 1
Lockport, LA 70374

Business Industry

Ship Building and Repairing (NAICS code 336611)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/masse-contracting-inc-lockport-la