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PPP Loan Data — United Stevedoring Of America, Inc.,
Miami, FL
United Stevedoring Of America, Inc.
Entity: Subchapter S Corporation
Industry: Marine Cargo Handling
Location: Miami, FL
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United Stevedoring Of America, Inc. is a subchapter s corporation located at 1001 N America Way Ste 202 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $5,521,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 365 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
365Loan Approved:
2020-04-15Lender:
SUNWEST BANKUnited Stevedoring Of America, Inc. received a Paycheck Protection Loan of $5.52M through SUNWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Stevedoring Of America, Inc.'s total 2019 payroll expenses were approximately $26.5M in order to qualify for the PPP loan amount received.
Based on their reported 365 jobs retained, this equals an estimated average yearly compensation of $72,610 per employee1.
Business Information - United Stevedoring Of America, Inc. in Miami, FL
1001 N America Way Ste 202
Miami, FL 33132
Business Industry
Marine Cargo Handling (NAICS code 488320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: FL-27Similar Companies near Miami
In the Miami area, 2 businesses in the "Marine Cargo Handling" industry received a PPP loan. These local businesses reported an average of 183 employees (compared to this company's 365) and received an average PPP loan of $3,445,250 (compared to this company's $5.52M).
Similar Nearby Businesses Who Received PPP Funding:
Florida Stevedoring Inc
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 259 businesses in the "Marine Cargo Handling" industry received a total of $85,973,778.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 27 employees, 93% lower than United Stevedoring Of America, Inc.'s reported 365 employees, and received an average PPP loan of $331,945, 94% lower than this company's loan of $5.52M.
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.
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.
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