PPP Loan Data — Pontchartrain Partners, LLC, New Orleans, LA
Pontchartrain Partners, LLC is a limited liability company (LLC) located at 739 South Clark St in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $1,576,100.00 in April, 2020.
The company has reported itself as a Black or african american male veteran owned business, and employed at least 196 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Hancock Whitney Bank
Pontchartrain Partners, LLC in New Orleans, LA received a Paycheck Protection Loan of $1.58M through Hancock Whitney Bank, 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 May, 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, Pontchartrain Partners, LLC's 2019 payroll expenses are estimated to be at least $7.57M.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $38,598 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pontchartrain Partners, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,576,100
Business Information - Pontchartrain Partners, LLC in New Orleans, LA
739 South Clark St
New Orleans, LA 70119
Other Heavy and Civil Engineering Construction
NAICS code 237990
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near New Orleans
In the New Orleans area, 3 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 196) and received an average PPP loan of $725,071 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Crescent Power Systems, Inc
New Orleans, LA
Bayou Construction Group, LLC
New Orleans, LA
Industry PPP Comparison Statistics
Nationwide, 11,233 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 91% lower than Pontchartrain Partners, LLC's reported 196 employees, and received an average PPP loan of $234,414, 85% lower than this company's loan of $1.58M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!