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

PPP Loan Data — Total Abandonment Services Inc, Scott, LA

ALERT: There are 2 PPP loans for a total of $27,200 in our database for businesses with the name "Total Abandonment Services Inc" in Scott, LA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Total Abandonment Services Inc
LA

Total Abandonment Services Inc

Entity: Corporation

Industry: Environmental Consulting Services

Location: Scott, LA

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Total Abandonment Services Inc is a corporation located at 312 Rue Decembre in Scott, Louisiana that received a Coronavirus-related PPP loan from the SBA of $13,600.00 in March, 2021.

$ PPP Loan Information
Loan #8882678610

Loan Size:

$13,600

Jobs Retained:

1

Loan Approved:

2021-03-25

Loan Status:

Active Un-Disbursed

Lender:

Rayne State Bank & Trust Company
PPP Funds Undisbursed

Total Abandonment Services Inc in Scott, LA received a Paycheck Protection Loan of $13,600 through Rayne State Bank & Trust Company, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $13,600 in approved PPP funding has not been disbursed. 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, Total Abandonment Services Inc's 2019 payroll expenses are estimated to be at least $65,280.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $65,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, Total Abandonment Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,598
  • Utilities: $1

Business Information - Total Abandonment Services Inc in Scott, LA

Total Abandonment Services Inc
312 Rue Decembre
Scott, LA 70583

Business Industry:
Environmental Consulting Services
NAICS code 541620

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lafayette County, LA — SBA Office 0679 — Congressional District: LA-03

Similar Companies near Scott

In the Scott area, 2 businesses in the "Environmental Consulting Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 1) and received an average PPP loan of $210,700 (compared to this company's $13,600).

Similar Nearby Businesses Who Received PPP Funding:

Hydro-Environmental Technology, Inc
Scott, LA

$407,800 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,519 businesses in the "Environmental Consulting Services" industry received a total of $1.01B 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 10 employees, 900% higher than Total Abandonment Services Inc's reported 1 employees, and received an average PPP loan of $118,955, 775% higher than this company's loan of $13,600.

SBA PPP loan data, payroll data, and salaries for Total Abandonment Services, Inc
LA

Total Abandonment Services, Inc

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Scott, LA

Search All PPP Data

Total Abandonment Services, Inc is a corporation located at 312 Rue Decembre in Scott, Louisiana that received a Coronavirus-related PPP loan from the SBA of $13,600.00 in January, 2021.

$ PPP Loan Information
Loan #2070498307

Loan Size:

$13,600

Jobs Retained:

1

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

Rayne State Bank & Trust Company

Total Abandonment Services, Inc in Scott, LA received a Paycheck Protection Loan of $13,600 through Rayne State Bank & Trust Company, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Total Abandonment Services, Inc's 2019 payroll expenses are estimated to be at least $65,280.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $65,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, Total Abandonment Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,598
  • Utilities: $1

Business Information - Total Abandonment Services, Inc in Scott, LA

Total Abandonment Services, Inc
312 Rue Decembre
Scott, LA 70583

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Lafayette County, LA — SBA Office 0679 — Congressional District: LA-03

Similar Companies near Scott

In the Scott area, 56 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 1) and received an average PPP loan of $302,892 (compared to this company's $13,600).

Industry PPP Comparison Statistics

Nationwide, 19,181 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.77B 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 13 employees, 1200% higher than Total Abandonment Services, Inc's reported 1 employees, and received an average PPP loan of $196,293, 1343% higher than this company's loan of $13,600.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/total-abandonment-services-inc-scott-la