PPP Loan Data — GEO Heat Exchangers LLC, Saint Gabriel, LA
GEO Heat Exchangers LLC
Industry: Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Location: Saint Gabriel, LATweet This • Search All PPP Data
GEO Heat Exchangers LLC is a corporation located at 3650 Cypress Dr in Saint Gabriel, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,451,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
GEO Heat Exchangers LLC received a Paycheck Protection Loan of $2.45M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, GEO Heat Exchangers LLC's total 2019 payroll expenses were approximately $11.77M in order to qualify for the PPP loan amount received.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $63,257 per employee1.
Business Information - GEO Heat Exchangers LLC in Saint Gabriel, LA
3650 Cypress Dr
Saint Gabriel, LA 70776
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-02
Industry PPP Comparison Statistics
Nationwide, 1,371 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a total of $368,409,539.00 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 20 employees, 89% lower than GEO Heat Exchangers LLC's reported 186 employees, and received an average PPP loan of $268,716, 89% lower than this company's loan of $2.45M.
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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