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PPP Loan Data — Gateway Ticketing Systems Inc, Gilbertsville, PA

SBA PPP loan data, payroll data, and salaries for Gateway Ticketing Systems Inc
PA

Gateway Ticketing Systems Inc

Entity: Corporation

Industry: Computer Systems Design Services

Location: Gilbertsville, PA

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Gateway Ticketing Systems Inc is a corporation located at 445 County Line Rd in Gilbertsville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,779,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.78M

Jobs Retained:

156

Loan Approved:

2020-04-06

Lender:

ORRSTOWN BANK

Gateway Ticketing Systems Inc in Gilbertsville, PA received a Paycheck Protection Loan of $2.78M through ORRSTOWN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gateway Ticketing Systems Inc's total 2019 payroll expenses were approximately $13.34M in order to qualify for the PPP loan amount received.

Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $85,508 per employee1.

Because the loan received by Gateway Ticketing Systems 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 - Gateway Ticketing Systems Inc in Gilbertsville, PA

Gateway Ticketing Systems Inc
445 County Line Rd
Gilbertsville, PA 19525

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-04

Similar Companies near Gilbertsville

In the Gilbertsville area, 2 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 156) and received an average PPP loan of $1,395,239 (compared to this company's $2.78M).

Similar Nearby Businesses Who Received PPP Funding:

The Valander Group, LLC
Hamburg, PA

$11,478 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 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 10 employees, 94% lower than Gateway Ticketing Systems Inc's reported 156 employees, and received an average PPP loan of $181,408, 93% lower than this company's loan of $2.78M.

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/gateway-ticketing-systems-inc-gilbertsville-pa