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PPP Loan Data — Shelf Workboats, LLC, Galliano, LA

SBA PPP loan data, payroll data, and salaries for Shelf Workboats, LLC

Shelf Workboats, LLC

Entity: Limited Liability Company (LLC)

Industry: Inland Water Passenger Transportation

Location: Galliano, LA

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Shelf Workboats, LLC is a limited liability company (LLC) located at 406 West 159th St. in Galliano, Louisiana that received a Coronavirus-related PPP loan from the SBA of $147,948.00 in April, 2020.

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

$ PPP Loan Information
Loan #8787637103

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


South Lafourche Bank & Trust Company

Shelf Workboats, LLC in Galliano, LA received a Paycheck Protection Loan of $147,948 through South Lafourche Bank & Trust Company, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Shelf Workboats, LLC's 2019 payroll expenses are estimated to be at least $710,150.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $71,015 per employee1

Reported PPP Proceed Usage:

On the PPP application, Shelf Workboats, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $119,979
  • Health Care: $27,968

Business Information - Shelf Workboats, LLC in Galliano, LA

Shelf Workboats, LLC
406 West 159th St.
Galliano, LA 70354

Business Industry:
Inland Water Passenger Transportation
NAICS code 483212

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lafourche County, LA — SBA Office 0679 — Congressional District: LA-01

Similar Companies near Galliano

In the Galliano area, 2 businesses in the "Inland Water Passenger Transportation" industry received a PPP loan. These local businesses reported an average of 239 employees (compared to this company's 10) and received an average PPP loan of $4,232,174 (compared to this company's $147,948).

Similar Nearby Businesses Who Received PPP Funding:

Crosby Tugs, LLC
Galliano, LA

$8.32M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 394 businesses in the "Inland Water Passenger Transportation" industry received a total of $61.75M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 16 employees, 60% higher than Shelf Workboats, LLC's reported 10 employees, and received an average PPP loan of $156,723, 6% higher than this company's loan of $147,948.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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