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PPP Loan Data — Gibson Overseas, Inc., Commerce, CA

SBA PPP loan data, payroll data, and salaries for Gibson Overseas, Inc.

Gibson Overseas, Inc.

Entity: Corporation

Industry: Home Furnishing Merchant Wholesalers

Location: Commerce, CA

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Gibson Overseas, Inc. is a corporation located at 2410 Yates Ave in Commerce, California that received a Coronavirus-related PPP loan from the SBA of $6,375,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Gibson Overseas, Inc. in Commerce, CA received a Paycheck Protection Loan of $6.38M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gibson Overseas, Inc.'s total 2019 payroll expenses were approximately $30.6M in order to qualify for the PPP loan amount received.

Based on their reported 460 jobs retained, this equals an estimated average yearly compensation of $66,522 per employee1.

Because the loan received by Gibson Overseas, 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 - Gibson Overseas, Inc. in Commerce, CA

Gibson Overseas, Inc.
2410 Yates Ave
Commerce, CA 90040

Business Industry

Home Furnishing Merchant Wholesalers (NAICS code 423220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-40

Similar Companies near Commerce

In the Commerce area, 12 businesses in the "Home Furnishing Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 460) and received an average PPP loan of $665,111 (compared to this company's $6.38M).

Industry PPP Comparison Statistics

Nationwide, 3,013 businesses in the "Home Furnishing Merchant Wholesalers" industry received a total of $467,430,448.00 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 12 employees, 97% lower than Gibson Overseas, Inc.'s reported 460 employees, and received an average PPP loan of $155,138, 98% lower than this company's loan of $6.38M.

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.

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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 **