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PPP Loan Data — Gielow Pickles, Inc., Lexington, MI

SBA PPP loan data, payroll data, and salaries for Gielow Pickles, Inc.

Gielow Pickles, Inc.

Entity: Corporation

Industry: Fruit and Vegetable Canning

Location: Lexington, MI

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Gielow Pickles, Inc. is a corporation located at 5260 Main St in Lexington, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,791,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Gielow Pickles, Inc. received a Paycheck Protection Loan of $2.79M through EASTERN MICHIGAN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gielow Pickles, Inc.'s total 2019 payroll expenses were approximately $13.4M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $53,593 per employee1.

Because the loan received by Gielow Pickles, 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 - Gielow Pickles, Inc. in Lexington, MI

Gielow Pickles, Inc.
5260 Main St
Lexington, MI 48450

Business Industry

Fruit and Vegetable Canning (NAICS code 311421)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-10

Industry PPP Comparison Statistics

Nationwide, 282 businesses in the "Fruit and Vegetable Canning" industry received a total of $84,217,732.00 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 26 employees, 90% lower than Gielow Pickles, Inc.'s reported 250 employees, and received an average PPP loan of $298,644, 89% lower than this company's loan of $2.79M.

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.

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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 **