PPP Loan Data — Gable Signs & Graphics, Inc., Baltimore, MD
Gable Signs & Graphics, Inc. is a subchapter s corporation located at 7440 Fort Smallwood Road in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,519,500.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Gable Signs & Graphics, Inc. in Baltimore, MD received a Paycheck Protection Loan of $2.52M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gable Signs & Graphics, Inc.'s total 2019 payroll expenses were approximately $12.09M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $71,139 per employee1.
Business Information - Gable Signs & Graphics, Inc. in Baltimore, MD
7440 Fort Smallwood Road
Baltimore, MD 21226
Sign Manufacturing (NAICS code 339950)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-02
Similar Companies near Baltimore
In the Baltimore area, 6 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 170) and received an average PPP loan of $554,187 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
Weitzman Industries, Inc.
Strauss And Company, Inc.
Curtis Bay, MD
Rand Communications Group
Sign Central, Inc.
Curtis Bay, MD
The Sauer Group Corp.
Industry PPP Comparison Statistics
Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 94% lower than Gable Signs & Graphics, Inc.'s reported 170 employees, and received an average PPP loan of $118,017, 95% lower than this company's loan of $2.52M.
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, 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.
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