PPP Loan Data — Mccoy Group, LLC, Slidell, LA
Mccoy Group, LLC
Entity: Limited Liability Company (LLC)
Location: Slidell, LATweet This • Search All PPP Data
Mccoy Group, LLC is a limited liability company (LLC) located at 1200 Eagle Lake Blvd in Slidell, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,306.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 26 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Liberty Bank and Trust Company
Mccoy Group, LLC in Slidell, LA received a Paycheck Protection Loan of $25,306 through Liberty Bank and Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mccoy Group, LLC's 2019 payroll expenses are estimated to be at least $121,469.
Based on their reported 26 jobs retained, this equals an estimated average yearly compensation of $4,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mccoy Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,306
Business Information - Mccoy Group, LLC in Slidell, LA
1200 Eagle Lake Blvd
Slidell, LA 70459
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Slidell
In the Slidell area, 10 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 26) and received an average PPP loan of $86,405 (compared to this company's $25,306).
Similar Nearby Businesses Who Received PPP Funding:
Crescent City Builders, LLC
K. B. Kaufmann & Co. Inc
K.b. Kaufmann & Co., Inc
BRC Acoustical And Remodeling LLC
Tyler Construction LLC
Patriot Government Services
La Restorations LLC
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 54% lower than Mccoy Group, LLC's reported 26 employees, and received an average PPP loan of $157,325, 522% higher than this company's loan of $25,306.
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