PPP Loan Data — Garibaldi Group Inc, Garibaldi, OR
Garibaldi Group Inc is a subchapter s corporation located at 312 Garibaldi Ave in Garibaldi, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,415.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Garibaldi Group Inc in Garibaldi, OR received a Paycheck Protection Loan of $46,415 through U.S. Bank, National Association, which was approved in May, 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 June, 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, Garibaldi Group Inc's 2019 payroll expenses are estimated to be at least $222,792.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,853 per employee1
Reported PPP Proceed Usage:
On the PPP application, Garibaldi Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,415
Business Information - Garibaldi Group Inc in Garibaldi, OR
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Garibaldi Group Inc's reported 15 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,415.
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Footnotes & Information
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