PPP Loan Data — GCC Enterprises Inc, Dallas, TX
GCC Enterprises Inc
Location: Dallas, TXTweet This • Search All PPP Data
GCC Enterprises Inc is a corporation located at 1601 Valley View Ln in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $159,600.00 in April, 2020.
The company has reported itself as a Black or african american female owned business, and employed at least eight people during the applicable loan loan period.
$ PPP Loan Information
Lender:TEXAS SECURITY BANK
GCC Enterprises Inc received a Paycheck Protection Loan of $159,600 through TEXAS SECURITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, GCC Enterprises Inc's total 2019 payroll expenses were approximately $766,080 in order to qualify for the PPP loan amount received.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $95,760 per employee1.
Business Information - GCC Enterprises Inc in Dallas, TX
1601 Valley View Ln
Dallas, TX 75234
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-24
Similar Companies near Dallas
In the Dallas area, 17 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 8) and received an average PPP loan of $819,975 (compared to this company's $159,600).
Similar Nearby Businesses Who Received PPP Funding:
Echelon Construction And Maintenance LLC
Integrity General Contractors LLC
Oxford Associates, Inc.
Contractor Services Unlimited Inc
Farmers Branch, TX
Rogers-O'Brien Construction Company, LLC
Nationwide Renovation, LLC
Furstenberg Construction Inc
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 63% higher than GCC Enterprises Inc's reported 8 employees, and received an average PPP loan of $203,235, 27% higher than this company's loan of $159,600.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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