PPP Loan Data — Gelia, Wells & Mohr, Inc, Williamsville, NY
Gelia, Wells & Mohr, Inc is a subchapter s corporation located at 390 S. Youngs Road in Williamsville, New York that received a Coronavirus-related PPP loan from the SBA of $1,534,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Gelia, Wells & Mohr, Inc in Williamsville, NY received a Paycheck Protection Loan of $1.53M through Manufacturers and Traders Trust Company, which was approved in April, 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, Gelia, Wells & Mohr, Inc's 2019 payroll expenses are estimated to be at least $7.37M.
Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $61,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gelia, Wells & Mohr, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,384,700
- Utilities: $10,000
- Rent: $70,000
- Health Care: $60,000
- Debt Interest: $10,000
Business Information - Gelia, Wells & Mohr, Inc in Williamsville, NY
390 S. Youngs Road
Williamsville, NY 14221
NAICS code 541810
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Williamsville
In the Williamsville area, 11 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 119) and received an average PPP loan of $226,888 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
AD Specialty Solutions, LLC
Brennan Ackerman & Associates Inc
Media Sales Plus, Inc
Shovel The Sidewalk, LLC
Account One LLC
Susan Riley Design Inc
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 94% lower than Gelia, Wells & Mohr, Inc's reported 119 employees, and received an average PPP loan of $99,714, 94% lower than this company's loan of $1.53M.
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Footnotes & Information
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