PPP Loan Data — Gateway Ticketing Systems Inc, Gilbertsville, PA
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
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.
Business Information - Gateway Ticketing Systems Inc in Gilbertsville, PA
445 County Line Rd
Gilbertsville, PA 19525
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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