PPP Loan Data — G & S Pool Supply Inc, Bradenton, FL
G & S Pool Supply Inc
Entity: Subchapter S Corporation
Location: Bradenton, FLTweet This • Search All PPP Data
G & S Pool Supply Inc is a subchapter s corporation located at 5002 Lena Rd in Bradenton, Florida that received a Coronavirus-related PPP loan from the SBA of $46,438.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
G & S Pool Supply Inc in Bradenton, FL received a Paycheck Protection Loan of $46,438 through Achieva CU, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, G & S Pool Supply Inc's 2019 payroll expenses are estimated to be at least $222,902.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,726 per employee1
Reported PPP Proceed Usage:
On the PPP application, G & S Pool Supply Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,438
Business Information - G & S Pool Supply Inc in Bradenton, FL
5002 Lena Rd
Bradenton, FL 34211
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bradenton
In the Bradenton area, 23 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $34,265 (compared to this company's $46,438).
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Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, the same amount reported by G & S Pool Supply Inc and received an average PPP loan of $34,329, 26% lower than this company's loan of $46,438.
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