PPP Loan Data — Gabriel Steel Erectors, Inc., Montgomery, NY
Gabriel Steel Erectors, Inc. is a subchapter s corporation located at 36 Maybrook Rd in Montgomery, New York that received a Coronavirus-related PPP loan from the SBA of $3,703,128.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 208 people during the applicable loan loan period.
$ PPP Loan Information
Lender:SALISBURY BANK & TRUST COMPANY
Gabriel Steel Erectors, Inc. in Montgomery, NY received a Paycheck Protection Loan of $3.7M through SALISBURY BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gabriel Steel Erectors, Inc.'s total 2019 payroll expenses were approximately $17.78M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $85,457 per employee1.
Business Information - Gabriel Steel Erectors, Inc. in Montgomery, NY
36 Maybrook Rd
Montgomery, NY 12549
Structural Steel and Precast Concrete Contractors (NAICS code 238120)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-18
Similar Companies near Montgomery
In the Montgomery area, 2 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a PPP loan. These local businesses reported an average of 124 employees (compared to this company's 208) and received an average PPP loan of $1,976,564 (compared to this company's $3.7M).
Similar Nearby Businesses Who Received PPP Funding:
Allbar Steel Inc.
Industry PPP Comparison Statistics
Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, 89% lower than Gabriel Steel Erectors, Inc.'s reported 208 employees, and received an average PPP loan of $333,066, 91% lower than this company's loan of $3.7M.
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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