PPP Loan Data — Gdsh Inc, Huntington, IN
Entity: Subchapter S Corporation
Location: Huntington, INTweet This • Search All PPP Data
Gdsh Inc is a subchapter s corporation located at 102 N Brian St in Huntington, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Bippus State Bank
Gdsh Inc in Huntington, IN received a Paycheck Protection Loan of $25,000 through The Bippus State 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 December, 2020.
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, Gdsh Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gdsh Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Gdsh Inc in Huntington, IN
102 N Brian St
Huntington, IN 46750
Other Personal and Household Goods Repair and Maintenance
NAICS code 811490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Huntington
In the Huntington area, 5 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $9,200 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Anthony K Knapp
Robert L Varney Jr
Industry PPP Comparison Statistics
Nationwide, 26,317 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a total of $687.28M 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 3 employees, 40% lower than Gdsh Inc's reported 5 employees, and received an average PPP loan of $26,116, 4% higher than this company's loan of $25,000.
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Footnotes & Information
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