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PPP Loan Data — REC Marine Logistics, LLC, Raceland, LA

SBA PPP loan data, payroll data, and salaries for REC Marine Logistics, LLC

REC Marine Logistics, LLC

Entity: Limited Liability Company (LLC)

Industry: Deep Sea Freight Transportation

Location: Raceland, LA

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REC Marine Logistics, LLC is a limited liability company (LLC) located at 4535 Hwy 308 in Raceland, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,046,306.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 268 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




REC Marine Logistics, LLC in Raceland, LA received a Paycheck Protection Loan of $3.05M through UNITED COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, REC Marine Logistics, LLC's total 2019 payroll expenses were approximately $14.62M in order to qualify for the PPP loan amount received.

Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $54,561 per employee1.

Because the loan received by REC Marine Logistics, 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 - REC Marine Logistics, LLC in Raceland, LA

REC Marine Logistics, LLC
4535 Hwy 308
Raceland, LA 70394

Business Industry

Deep Sea Freight Transportation (NAICS code 483111)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: NON-VETERAN

Congressional District: LA-06

Similar Companies near Raceland

In the Raceland area, 2 businesses in the "Deep Sea Freight Transportation" industry received a PPP loan. These local businesses reported an average of 216 employees (compared to this company's 268) and received an average PPP loan of $2,783,003 (compared to this company's $3.05M).

Similar Nearby Businesses Who Received PPP Funding:

Adriatic Marine LLC
Raceland, LA

$2.52M PPP Loan

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, 95% lower than REC Marine Logistics, LLC's reported 268 employees, and received an average PPP loan of $219,843, 93% lower than this company's loan of $3.05M.

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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