PPP Loan Data — Gastineau Hardware & Lumber Co. Inc, Ellington, MO
Gastineau Hardware & Lumber Co. Inc is a subchapter s corporation located at 101 West Walnut St. in Ellington, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,162.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Great Southern Bank
Gastineau Hardware & Lumber Co. Inc in Ellington, MO received a Paycheck Protection Loan of $46,162 through Great Southern Bank, which was approved in April, 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, Gastineau Hardware & Lumber Co. Inc's 2019 payroll expenses are estimated to be at least $221,578.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,930 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gastineau Hardware & Lumber Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,930
- Rent: $9,232
Business Information - Gastineau Hardware & Lumber Co. Inc in Ellington, MO
101 West Walnut St.
Ellington, MO 63638
NAICS code 444130
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ellington
In the Ellington area, 2 businesses in the "Hardware Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $33,498 (compared to this company's $46,162).
Similar Nearby Businesses Who Received PPP Funding:
Baysinger Tools LLC
Industry PPP Comparison Statistics
Nationwide, 8,816 businesses in the "Hardware Stores" industry received a total of $736.15M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 117% higher than Gastineau Hardware & Lumber Co. Inc's reported 6 employees, and received an average PPP loan of $83,502, 81% higher than this company's loan of $46,162.
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Footnotes & Information
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