PPP Loan Data — GIL Industries, Inc, Cantonment, FL
GIL Industries, Inc
Location: Cantonment, FLTweet This • Search All PPP Data
GIL Industries, Inc is a corporation located at 3060 S Highway 95a in Cantonment, Florida that received a Coronavirus-related PPP loan from the SBA of $24,974.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
GIL Industries, Inc in Cantonment, FL received a Paycheck Protection Loan of $24,974 through Synovus Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, GIL Industries, Inc's 2019 payroll expenses are estimated to be at least $119,875.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,958 per employee1
Reported PPP Proceed Usage:
On the PPP application, GIL Industries, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,974
Business Information - GIL Industries, Inc in Cantonment, FL
3060 S Highway 95a
Cantonment, FL 32533
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cantonment
In the Cantonment area, 19 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $103,566 (compared to this company's $24,974).
Similar Nearby Businesses Who Received PPP Funding:
Mcnorton Mechanical Contractors, Inc
Coast Plumbing And Gas Inc
Wade Russell LLC
American Leak Detection Of Northwest Florida Inc
Payne And Son Plumbing And Heating Inc
Stoner Plumbing, Inc
Asap Plumbing & Gas LLC
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 233% higher than GIL Industries, Inc's reported 3 employees, and received an average PPP loan of $123,520, 395% higher than this company's loan of $24,974.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!