PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Scott Equipment Company LLC, Monroe, LA

SBA PPP loan data, payroll data, and salaries for Scott Equipment Company LLC
LA

Scott Equipment Company LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Monroe, LA

Search All PPP Data

Scott Equipment Company LLC is a limited liability company (LLC) located at 1000 Martin Luther King Jr Dr in Monroe, Louisiana that received a Coronavirus-related PPP loan from the SBA of $6,199,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.2M

Jobs Retained:

330

Loan Approved:

2020-04-13

Lender:

HANCOCK WHITNEY BANK

Scott Equipment Company LLC in Monroe, LA received a Paycheck Protection Loan of $6.2M through HANCOCK WHITNEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Scott Equipment Company LLC's total 2019 payroll expenses were approximately $29.76M in order to qualify for the PPP loan amount received.

Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $90,180 per employee1.

Because the loan received by Scott Equipment Company 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 - Scott Equipment Company LLC in Monroe, LA

Scott Equipment Company LLC
1000 Martin Luther King Jr Dr
Monroe, LA 71203

Business Industry

All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-05

Similar Companies near Monroe

In the Monroe area, 6 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 330) and received an average PPP loan of $1,047,723 (compared to this company's $6.2M).

Industry PPP Comparison Statistics

Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 98% lower than Scott Equipment Company LLC's reported 330 employees, and received an average PPP loan of $50,641, 99% lower than this company's loan of $6.2M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/scott-equipment-company-llc-monroe-la