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PPP Loan Data — Gabriel Steel Erectors, Inc., Montgomery, NY

SBA PPP loan data, payroll data, and salaries for Gabriel Steel Erectors, Inc.

Gabriel Steel Erectors, Inc.

Entity: Subchapter S Corporation

Industry: Structural Steel and Precast Concrete Contractors

Location: Montgomery, NY

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Gabriel Steel Erectors, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Gabriel Steel Erectors, Inc. in Montgomery, NY

Gabriel Steel Erectors, Inc.
36 Maybrook Rd
Montgomery, NY 12549

Business Industry

Structural Steel and Precast Concrete Contractors (NAICS code 238120)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: NON-VETERAN

Congressional 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.
Montgomery, NY

$250,000 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By - The Civil Employee's Resource **