PPP Loan Data — Otto Candies, LLC, Des Allemands, LA
Otto Candies, LLC is a subchapter s corporation located at 17271 Highway 90 in Des Allemands, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,752,400.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Otto Candies, LLC in Des Allemands, LA received a Paycheck Protection Loan of $4.75M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Otto Candies, LLC's total 2019 payroll expenses were approximately $22.81M in order to qualify for the PPP loan amount received.
Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $98,326 per employee1.
Business Information - Otto Candies, LLC in Des Allemands, LA
17271 Highway 90
Des Allemands, LA 70030
Deep Sea Freight Transportation (NAICS code 483111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-02
Industry PPP Comparison Statistics
Nationwide, 319 businesses in the "Deep Sea Freight Transportation" industry received a total of $70,130,048.00 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 13 employees, 94% lower than Otto Candies, LLC's reported 232 employees, and received an average PPP loan of $219,843, 95% lower than this company's loan of $4.75M.
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Footnotes & Information
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