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PPP Loan Data — Gary Merlino Construction Co., Inc., Seattle, WA

SBA PPP loan data, payroll data, and salaries for Gary Merlino Construction Co., Inc.
WA

Gary Merlino Construction Co., Inc.

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Seattle, WA

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Gary Merlino Construction Co., Inc. is a corporation located at 9125 10th Ave S in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $8,007,895.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.01M

Jobs Retained:

431

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Gary Merlino Construction Co., Inc. in Seattle, WA received a Paycheck Protection Loan of $8.01M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gary Merlino Construction Co., Inc.'s total 2019 payroll expenses were approximately $38.44M in order to qualify for the PPP loan amount received.

Based on their reported 431 jobs retained, this equals an estimated average yearly compensation of $89,183 per employee1.

Because the loan received by Gary Merlino Construction Co., 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 - Gary Merlino Construction Co., Inc. in Seattle, WA

Gary Merlino Construction Co., Inc.
9125 10th Ave S
Seattle, WA 98108

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-09

Similar Companies near Seattle

In the Seattle area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 431) and received an average PPP loan of $2,693,792 (compared to this company's $8.01M).

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 94% lower than Gary Merlino Construction Co., Inc.'s reported 431 employees, and received an average PPP loan of $405,656, 95% lower than this company's loan of $8.01M.

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gary-merlino-construction-co-inc-seattle-wa