PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Gephart Electric Co Inc, Saint Paul, MN

SBA PPP loan data, payroll data, and salaries for Gephart Electric Co Inc
MN

Gephart Electric Co Inc

Entity: Corporation

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: Saint Paul, MN

Search All PPP Data

Gephart Electric Co Inc is a corporation located at 3550 Labore Rd Ste 11 in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,228,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 208 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.23M

Jobs Retained:

208

Loan Approved:

2020-04-09

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Gephart Electric Co Inc received a Paycheck Protection Loan of $4.23M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gephart Electric Co Inc's total 2019 payroll expenses were approximately $20.29M in order to qualify for the PPP loan amount received.

Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $97,569 per employee1.

Because the loan received by Gephart Electric Co 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 - Gephart Electric Co Inc in Saint Paul, MN

Gephart Electric Co Inc
3550 Labore Rd Ste 11
Saint Paul, MN 55110

Business Industry

Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-04

Similar Companies near Saint Paul

In the Saint Paul area, 11 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 208) and received an average PPP loan of $941,996 (compared to this company's $4.23M).

Industry PPP Comparison Statistics

Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 94% lower than Gephart Electric Co Inc's reported 208 employees, and received an average PPP loan of $181,171, 96% lower than this company's loan of $4.23M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gephart-electric-co-inc-saint-paul-mn