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PPP Loan Data — New Orleans Steamboat Company, New Orleans, LA

ALERT: There are 2 PPP loans for a total of $4.03M in our database for businesses with the name "New Orleans Steamboat Company" in New Orleans, LA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for New Orleans Steamboat Company
LA

New Orleans Steamboat Company

Entity: Corporation

Industry: Scenic and Sightseeing Transportation, Water

Location: New Orleans, LA

Search All PPP Data

New Orleans Steamboat Company is a corporation located at 600 Decatur St Ste 308 in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 124 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8096848300

Loan Size:

$2M

Jobs Retained:

124

Loan Approved:

2021-01-29

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

New Orleans Steamboat Company in New Orleans, LA received a Paycheck Protection Loan of $2M through Loan Source Incorporated, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, New Orleans Steamboat Company's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 124 jobs retained, this equals an estimated average yearly compensation of $77,419 per employee1

Reported PPP Proceed Usage:

On the PPP application, New Orleans Steamboat Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,995
  • Utilities: $1
Because the loan received by New Orleans Steamboat Company 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 - New Orleans Steamboat Company in New Orleans, LA

New Orleans Steamboat Company
600 Decatur St Ste 308
New Orleans, LA 70130

Business Industry:
Scenic and Sightseeing Transportation, Water
NAICS code 487210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orleans County, LA — SBA Office 0679 — Congressional District: LA-02

Similar Companies near New Orleans

In the New Orleans area, 3 businesses in the "Scenic and Sightseeing Transportation, Water" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 124) and received an average PPP loan of $1,401,782 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Ultimate Swamp Adventures Inc
New Orleans, LA

$179,302 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,371 businesses in the "Scenic and Sightseeing Transportation, Water" industry received a total of $137.92M 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 8 employees, 94% lower than New Orleans Steamboat Company's reported 124 employees, and received an average PPP loan of $58,171, 97% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for New Orleans Steamboat Company
LA

New Orleans Steamboat Company

Entity: Corporation

Industry: Scenic and Sightseeing Transportation, Water

Location: New Orleans, LA

Search All PPP Data

New Orleans Steamboat Company is a corporation located at 600 Decatur Street Suite 308 in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,026,043.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 258 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1668457103

Loan Size:

$2.03M

Jobs Retained:

258

Loan Approved:

2020-04-10

Loan Status:

Ongoing Loan

Lender:

First Bank and Trust

New Orleans Steamboat Company in New Orleans, LA received a Paycheck Protection Loan of $2.03M through First Bank and Trust, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, New Orleans Steamboat Company's 2019 payroll expenses are estimated to be at least $9.73M.

Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $37,694 per employee1

Reported PPP Proceed Usage:

On the PPP application, New Orleans Steamboat Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,521,558
  • Utilities: $504,485
Because the loan received by New Orleans Steamboat Company 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 - New Orleans Steamboat Company in New Orleans, LA

New Orleans Steamboat Company
600 Decatur Street Suite 308
New Orleans, LA 70130

Business Industry:
Scenic and Sightseeing Transportation, Water
NAICS code 487210

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orleans County, LA — SBA Office 0679 — Congressional District: LA-02

Similar Companies near New Orleans

In the New Orleans area, 3 businesses in the "Scenic and Sightseeing Transportation, Water" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 258) and received an average PPP loan of $1,401,782 (compared to this company's $2.03M).

Similar Nearby Businesses Who Received PPP Funding:

Ultimate Swamp Adventures Inc
New Orleans, LA

$179,302 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,371 businesses in the "Scenic and Sightseeing Transportation, Water" industry received a total of $137.92M 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 8 employees, 97% lower than New Orleans Steamboat Company's reported 258 employees, and received an average PPP loan of $58,171, 97% lower than this company's loan of $2.03M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/new-orleans-steamboat-company-new-orleans-la