PPP Loan Data — Port Consolidated, Inc., Fort Lauderdale, FL
Port Consolidated, Inc.
Entity: Subchapter S Corporation
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: Fort Lauderdale, FLTweet This • Search All PPP Data
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
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.
Business Information - Port Consolidated, Inc. in Fort Lauderdale, FL
3141 Se 14th Avenue
Fort Lauderdale, FL 33316
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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.
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