Western Global Airlines LLC in Estero, FL - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Western Global Airlines LLC, Estero, FL

Western Global Airlines LLC

Entity: Limited Liability Company (LLC)

Industry: Scheduled Freight Air Transportation

Location: Estero, FL

Western Global Airlines LLC is a limited liability company (LLC) located at 9260 Estero Park Commons Blvd Suite 200 in Estero, Florida that received a Coronavirus-related PPP loan from the SBA of $8,197,984.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.2M

Jobs Retained:

401

Loan Approved:

2020-04-15

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Western Global Airlines LLC received a Paycheck Protection Loan of $8.2M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Western Global Airlines LLC's total 2019 payroll expenses were approximately $39.35M in order to qualify for the PPP loan amount received.

Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $98,130 per employee¹.

Because the loan received by Western Global Airlines LLC 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 - Western Global Airlines LLC in Estero, FL

Western Global Airlines LLC
9260 Estero Park Commons Blvd Suite 200
Estero, FL 33928

Business Industry

Scheduled Freight Air Transportation (NAICS code 481112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-19

Industry PPP Comparison Statistics

Nationwide, 355 businesses in the "Scheduled Freight Air Transportation" industry received a total of $59,165,547.00 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 13 employees, 97% lower than Western Global Airlines LLC's reported 401 employees, and received an average PPP loan of $166,664, 98% lower than this company's loan of $8.2M.

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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