PPP Loan Data — SEC Inc DBA Souteastern Coatings, St Petersburg, FL
SEC Inc DBA Souteastern Coatings is a corporation located at 6000 Long Bayou Way North in St Petersburg, Florida that received a Coronavirus-related PPP loan from the SBA of $25,496.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
SEC Inc DBA Souteastern Coatings in St Petersburg, FL received a Paycheck Protection Loan of $25,496 through Wells Fargo Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, SEC Inc DBA Souteastern Coatings' 2019 payroll expenses are estimated to be at least $122,381.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $11,126 per employee1
Reported PPP Proceed Usage:
On the PPP application, SEC Inc DBA Souteastern Coatings reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,496
Business Information - SEC Inc DBA Souteastern Coatings in St Petersburg, FL
6000 Long Bayou Way North
St Petersburg, FL 33708
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than SEC Inc DBA Souteastern Coatings' reported 11 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,496.
FederalPay's PPP Information Policy
Footnotes & Information
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