PPP Loan Data — S.s. White Technologies Inc, St Petersburg, FL
S.s. White Technologies Inc
Location: St Petersburg, FLTweet This • Search All PPP Data
S.s. White Technologies Inc is a corporation located at 8300 Sheen Dr in St Petersburg, Florida that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least 114 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
S.s. White Technologies Inc in St Petersburg, FL received a Paycheck Protection Loan of $2M through Loan Source Incorporated, which was approved in January, 2021.
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, S.s. White Technologies Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 114 jobs retained, this equals an estimated average yearly compensation of $84,211 per employee1
Reported PPP Proceed Usage:
On the PPP application, S.s. White Technologies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - S.s. White Technologies Inc in St Petersburg, FL
8300 Sheen Dr
St Petersburg, FL 33709
Mechanical Power Transmission Equipment Manufacturing
NAICS code 333613
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near St Petersburg
In the St Petersburg area, 2 businesses in the "Mechanical Power Transmission Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 114) and received an average PPP loan of $1,743,750 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
S.s.white Technologies Inc
Saint Petersburg, FL
Industry PPP Comparison Statistics
Nationwide, 812 businesses in the "Mechanical Power Transmission Equipment Manufacturing" industry received a total of $103.21M 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 9 employees, 92% lower than S.s. White Technologies Inc's reported 114 employees, and received an average PPP loan of $127,112, 94% lower than this company's loan of $2M.
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