PPP Loan Data — GDT Holdings Inc, Xenia, OH
GDT Holdings Inc
Location: Xenia, OHTweet This • Search All PPP Data
GDT Holdings Inc is a corporation located at 1299 Lavelle Dr in Xenia, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,379,500.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST FINANCIAL BANK
GDT Holdings Inc received a Paycheck Protection Loan of $3.38M through FIRST FINANCIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, GDT Holdings Inc's total 2019 payroll expenses were approximately $16.22M in order to qualify for the PPP loan amount received.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $69,323 per employee1.
Business Information - GDT Holdings Inc in Xenia, OH
1299 Lavelle Dr
Xenia, OH 45385
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-10
Similar Companies near Xenia
In the Xenia area, 4 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 234) and received an average PPP loan of $893,584 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
Hiney Trucking LTD
Anderson Transport, Inc.
LDH Trucking LLC
Industry PPP Comparison Statistics
Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 97% lower than GDT Holdings Inc's reported 234 employees, and received an average PPP loan of $85,295, 97% lower than this company's loan of $3.38M.
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.
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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