PPP Loan Data — G & T Excavation, Inc, Burlington, KY
G & T Excavation, Inc is a corporation located at 3180 Burlington Pike in Burlington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $47,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Financial Bank
G & T Excavation, Inc in Burlington, KY received a Paycheck Protection Loan of $47,200 through First Financial Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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 & T Excavation, Inc's 2019 payroll expenses are estimated to be at least $226,560.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, G & T Excavation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,200
Business Information - G & T Excavation, Inc in Burlington, KY
3180 Burlington Pike
Burlington, KY 41005
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Burlington
In the Burlington area, 10 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 4) and received an average PPP loan of $88,515 (compared to this company's $47,200).
Similar Nearby Businesses Who Received PPP Funding:
G & T's Excavating Inc
BCC Services, LLC
D.a.d.s. Bobcat Service LLC
Lanigan Construction LLC
Solid Rock Excavating, LLC
J & J Trucking & Excavating LLC
Philip Kahmann Excavating Inc
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 200% higher than G & T Excavation, Inc's reported 4 employees, and received an average PPP loan of $139,293, 195% higher than this company's loan of $47,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!