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PPP Loan Data — United Stevedoring Of America, Inc., Miami, FL

SBA PPP loan data, payroll data, and salaries for United Stevedoring Of America, Inc.
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:

$5.52M

Jobs Retained:

365

Loan Approved:

2020-04-15

Lender:

SUNWEST BANK

United 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.

Because the loan received by United Stevedoring Of America, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - United Stevedoring Of America, Inc. in Miami, FL

United Stevedoring Of America, Inc.
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-27

Similar 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

$1.37M PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/united-stevedoring-of-america-inc-miami-fl