PPP Loan Data — Gibson & Associates, Inc, Balch Springs, TX
Gibson & Associates, Inc is a subchapter s corporation located at 11210 Ryliecrest Dr in Balch Springs, Texas that received a Coronavirus-related PPP loan from the SBA of $3,378,744.00 in April, 2020.
$ PPP Loan Information
Lender:INWOOD NATIONAL BANK
Gibson & Associates, Inc in Balch Springs, TX received a Paycheck Protection Loan of $3.38M through INWOOD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gibson & Associates, Inc's total 2019 payroll expenses were approximately $16.22M in order to qualify for the PPP loan amount received.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $64,613 per employee1.
Business Information - Gibson & Associates, Inc in Balch Springs, TX
11210 Ryliecrest Dr
Balch Springs, TX 75180
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-05
Similar Companies near Balch Springs
In the Balch Springs area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 251) and received an average PPP loan of $2,054,467 (compared to this company's $3.38M).
Similar Nearby Businesses Who Received PPP Funding:
GTI Energy Service
Balch Springs, TX
Glenn Thurman, Inc
Balch Springs, TX
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 90% lower than Gibson & Associates, Inc's reported 251 employees, and received an average PPP loan of $405,656, 88% lower than this company's loan of $3.38M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!