PPP Loan Data — GD Theatres, Inc, Sacramento, CA
GD Theatres, Inc
Location: Sacramento, CATweet This • Search All PPP Data
GD Theatres, Inc is a corporation located at 1013 K Street in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $46,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:D. L. Evans Bank
GD Theatres, Inc in Sacramento, CA received a Paycheck Protection Loan of $46,900 through D. L. Evans 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 May, 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, GD Theatres, Inc's 2019 payroll expenses are estimated to be at least $225,120.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $15,008 per employee1
Reported PPP Proceed Usage:
On the PPP application, GD Theatres, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,175
- Utilities: $5,862
- Mortgage Interest: $5,863
Business Information - GD Theatres, Inc in Sacramento, CA
1013 K Street
Sacramento, CA 95814
Promoters of Performing Arts, Sports, and Similar Events with Facilities
NAICS code 711310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 6 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 15) and received an average PPP loan of $49,464 (compared to this company's $46,900).
Similar Nearby Businesses Who Received PPP Funding:
Ontrack Event Management, Inc
Sacramento Region Performing Arts Alliance
The Painted Cork LLC
Results May Vary LLC
Wide Open Walls
Industry PPP Comparison Statistics
Nationwide, 16,103 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a total of $795.12M 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 6 employees, 60% lower than GD Theatres, Inc's reported 15 employees, and received an average PPP loan of $49,377, 5% higher than this company's loan of $46,900.
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Footnotes & Information
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