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PPP Loan Data — Gesco II, LLC, Houston, TX

SBA PPP loan data, payroll data, and salaries for Gesco II, LLC
TX

Gesco II, LLC

Entity: Limited Liability Company (LLC)

Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers

Location: Houston, TX

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Gesco II, LLC is a limited liability company (LLC) located at 6410 Mayfair St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $420,080.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$420,080

Jobs Retained:

29

Loan Approved:

2020-04-30

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Gesco II, LLC received a Paycheck Protection Loan of $420,080 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gesco II, LLC's total 2019 payroll expenses were approximately $2.02M in order to qualify for the PPP loan amount received.

Based on their reported 29 jobs retained, this equals an estimated average yearly compensation of $69,530 per employee1.

Business Information - Gesco II, LLC in Houston, TX

Gesco II, LLC
6410 Mayfair St
Houston, TX 77087

Business Industry

Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers (NAICS code 423610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: TX-29

Similar Companies near Houston

In the Houston area, 2 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 29) and received an average PPP loan of $1,982,490 (compared to this company's $420,080).

Similar Nearby Businesses Who Received PPP Funding:

1155 Distributor Partners LLC
Houston, TX

$3.54M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 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 15 employees, 48% lower than Gesco II, LLC's reported 29 employees, and received an average PPP loan of $230,211, 45% lower than this company's loan of $420,080.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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.


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Source: www.federalpay.org/paycheck-protection-program/gesco-ii-llc-houston-tx