PPP Loan Data — General Distributing Company, The, Salt Lake City, UT
General Distributing Company, The is a corporation located at 5350 West Amelia Earhart Drive in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,623,100.00 in April, 2020.
$ PPP Loan Information
Lender:D. L. EVANS BANK
General Distributing Company, The in Salt Lake City, UT received a Paycheck Protection Loan of $2.62M through D. L. EVANS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, General Distributing Company, The's total 2019 payroll expenses were approximately $12.59M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $51,182 per employee1.
Business Information - General Distributing Company, The in Salt Lake City, UT
5350 West Amelia Earhart Drive
Salt Lake City, UT 84116
Beer and Ale Merchant Wholesalers (NAICS code 424810)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: UT-02
Industry PPP Comparison Statistics
Nationwide, 1,103 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $586,037,858.00 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 43 employees, 83% lower than General Distributing Company, The's reported 246 employees, and received an average PPP loan of $531,313, 80% lower than this company's loan of $2.62M.
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, 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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