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

PPP Loan Data — Omni Specialty Packaging LLC, Greenwell Springs, LA

SBA PPP loan data, payroll data, and salaries for Omni Specialty Packaging LLC
LA

Omni Specialty Packaging LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Chemical Product and Preparation Manufacturing

Location: Greenwell Springs, LA

Search All PPP Data

Omni Specialty Packaging LLC is a limited liability company (LLC) located at 7031 Bryce Canyon Drive in Greenwell Springs, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,513,905.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.51M

Jobs Retained:

251

Loan Approved:

2020-04-11

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Omni Specialty Packaging LLC in Greenwell Springs, LA received a Paycheck Protection Loan of $3.51M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Omni Specialty Packaging LLC's total 2019 payroll expenses were approximately $16.87M in order to qualify for the PPP loan amount received.

Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $67,198 per employee1.

Because the loan received by Omni Specialty Packaging LLC 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 - Omni Specialty Packaging LLC in Greenwell Springs, LA

Omni Specialty Packaging LLC
7031 Bryce Canyon Drive
Greenwell Springs, LA 70739

Business Industry

All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS code 325998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-06

Similar Companies near Greenwell Springs

In the Greenwell Springs area, 2 businesses in the "All Other Miscellaneous Chemical Product and Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 251) and received an average PPP loan of $1,822,056 (compared to this company's $3.51M).

Similar Nearby Businesses Who Received PPP Funding:

Omni Industries LLC
Greenwell Springs, LA

$130,207 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,244 businesses in the "All Other Miscellaneous Chemical Product and Preparation Manufacturing" industry received a total of $327,617,499.00 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 18 employees, 93% lower than Omni Specialty Packaging LLC's reported 251 employees, and received an average PPP loan of $263,358, 93% lower than this company's loan of $3.51M.

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, 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/omni-specialty-packaging-llc-greenwell-springs-la