FederalPay.org
PPP Loan Data — REC Marine Logistics, LLC,
Raceland, LA
REC Marine Logistics, LLC
Entity: Limited Liability Company (LLC)
Industry: Deep Sea Freight Transportation
Location: Raceland, LA
Tweet This
•
Search All PPP Data
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:
268Loan Approved:
2020-04-09Lender:
UNITED COMMUNITY BANKREC 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.
Business Information - REC Marine Logistics, LLC in Raceland, LA
4535 Hwy 308
Raceland, LA 70394
Business Industry
Deep Sea Freight Transportation (NAICS code 483111)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: LA-06Similar 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
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!