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PPP Loan Data — USA Coatings Inspection, LLC, Saint Petersburg, FL

SBA PPP loan data, payroll data, and salaries for USA Coatings Inspection, LLC
FL

USA Coatings Inspection, LLC

Entity: Sole Proprietorship

Industry: Professional Employer Organizations

Location: Saint Petersburg, FL

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USA Coatings Inspection, LLC is a sole proprietorship located in Saint Petersburg, Florida that received a Coronavirus-related PPP loan from the SBA of $5,000.00 in May, 2020.

The company has reported itself as an American indian or alaska native male veteran owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3039947409

Loan Size:

$5,000

Jobs Retained:

1

Loan Approved:

2020-05-06

Loan Status:

Ongoing Loan

Lender:

Regions Bank

USA Coatings Inspection, LLC in Saint Petersburg, FL received a Paycheck Protection Loan of $5,000 through Regions Bank, which was approved in May, 2020.

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. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, USA Coatings Inspection, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,000

Business Information - USA Coatings Inspection, LLC in Saint Petersburg, FL

USA Coatings Inspection, LLC
Saint Petersburg, FL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Professional Employer Organizations
NAICS code 561330

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Pinellas County, FL — SBA Office 0455 — Congressional District: FL-13

Similar Companies near Saint Petersburg

In the Saint Petersburg area, 6 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 1) and received an average PPP loan of $364,517 (compared to this company's $5,000).

Industry PPP Comparison Statistics

Nationwide, 2,899 businesses in the "Professional Employer Organizations" industry received a total of $732.04M 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 27 employees, 2600% higher than USA Coatings Inspection, LLC's reported 1 employees, and received an average PPP loan of $252,514, 4950% higher than this company's loan of $5,000.

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.

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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/usa-coatings-inspection-llc-saint-petersburg-fl