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PPP Loan Data — General Insulation Inc, Theodore, AL

SBA PPP loan data, payroll data, and salaries for General Insulation Inc

General Insulation Inc

Entity: Corporation

Industry: All Other Specialty Trade Contractors

Location: Theodore, AL

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General Insulation Inc is a corporation located at 3555 Hurricane Bay Dr in Theodore, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,432,305.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




General Insulation Inc received a Paycheck Protection Loan of $3.43M through BANCORPSOUTH BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, General Insulation Inc's total 2019 payroll expenses were approximately $16.48M in order to qualify for the PPP loan amount received.

Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $42,904 per employee1.

Because the loan received by General Insulation Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - General Insulation Inc in Theodore, AL

General Insulation Inc
3555 Hurricane Bay Dr
Theodore, AL 36582

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-01

Similar Companies near Theodore

In the Theodore area, 11 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 384) and received an average PPP loan of $583,550 (compared to this company's $3.43M).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than General Insulation Inc's reported 384 employees, and received an average PPP loan of $113,959, 97% lower than this company's loan of $3.43M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **