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PPP Loan Data — Port Consolidated, Inc., Fort Lauderdale, FL

SBA PPP loan data, payroll data, and salaries for Port Consolidated, Inc.
FL

Port Consolidated, Inc.

Entity: Subchapter S Corporation

Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

Location: Fort Lauderdale, FL

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Port Consolidated, Inc. is a subchapter s corporation located at 3141 Se 14th Avenue in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $3,188,361.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 212 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.19M

Jobs Retained:

212

Loan Approved:

2020-04-14

Lender:

UNITED COMMUNITY BANK

Port Consolidated, Inc. received a Paycheck Protection Loan of $3.19M through UNITED COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Port Consolidated, Inc.'s total 2019 payroll expenses were approximately $15.3M in order to qualify for the PPP loan amount received.

Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $72,189 per employee1.

Because the loan received by Port Consolidated, Inc. 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 - Port Consolidated, Inc. in Fort Lauderdale, FL

Port Consolidated, Inc.
3141 Se 14th Avenue
Fort Lauderdale, FL 33316

Business Industry

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (NAICS code 424720)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: FL-23

Industry PPP Comparison Statistics

Nationwide, 2,382 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $553,390,948.00 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, 92% lower than Port Consolidated, Inc.'s reported 212 employees, and received an average PPP loan of $232,322, 93% lower than this company's loan of $3.19M.

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.

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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/port-consolidated-inc-fort-lauderdale-fl