PPP Loan Information — GULF SHORE ASSEMBLIES, LLC
GULF SHORE ASSEMBLIES, LLC is a limited liability company(llc) located in Lincoln, Alabama that received a Coronavirus-related PPP loan from the SBA of at least $1,000,000.00 in April, 2020.
PPP Loan Information
Lender:The Huntington National Bank
GULF SHORE ASSEMBLIES, LLC received a Paycheck Protection Loan of between 1M and 2M through The Huntington National Bank, which was approved in April, 2020.
Based on standard PPP eligibility rules, GULF SHORE ASSEMBLIES, LLC's total 2019 payroll expenses were between $4.8M and $9.6M in order to qualify for the PPP loan amount received. Based on their reported 124 jobs retained, this equals an estimated average yearly compensation between $38,710 and $77,419 per employee1.
Business Information - GULF SHORE ASSEMBLIES, LLC in LINCOLN, AL
249A Clover Road
LINCOLN, AL 35096
Automobile Manufacturing (NAICS code 336111)
Business Owner Demographics
Race / Ethnicity: Black or African American
Gender: Male Owned
Veteran Status: Non-VeteranAL - 03
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. All information displayed on this page is publicly available information under PPP loan guidelines, 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.