PPP Loan Data — Gilcrest Jewett Lumber Company, Waukee, IA
Gilcrest Jewett Lumber Company
Entity: Subchapter S Corporation
Location: Waukee, IATweet This • Search All PPP Data
Gilcrest Jewett Lumber Company is a subchapter s corporation located at 1100 Se Alice's Road Po Box 1000 in Waukee, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,125,780.00 in April, 2020.
$ PPP Loan Information
Gilcrest Jewett Lumber Company received a Paycheck Protection Loan of $3.13M through WEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gilcrest Jewett Lumber Company's total 2019 payroll expenses were approximately $15M in order to qualify for the PPP loan amount received.
Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $47,182 per employee1.
Business Information - Gilcrest Jewett Lumber Company in Waukee, IA
1100 Se Alice's Road Po Box 1000
Waukee, IA 50263
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-03
Industry PPP Comparison Statistics
Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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 17 employees, 95% lower than Gilcrest Jewett Lumber Company's reported 318 employees, and received an average PPP loan of $225,451, 93% lower than this company's loan of $3.13M.
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Footnotes & Information
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