PPP Loan Data — Gilsbar Holdings, LLC, Covington, LA
Gilsbar Holdings, LLC
Entity: Limited Liability Company (LLC)
Location: Covington, LATweet This • Search All PPP Data
Gilsbar Holdings, LLC is a limited liability company (LLC) located at 2100 Covington Centre in Covington, Louisiana that received a Coronavirus-related PPP loan from the SBA of $5,554,552.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Gilsbar Holdings, LLC received a Paycheck Protection Loan of $5.55M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gilsbar Holdings, LLC's total 2019 payroll expenses were approximately $26.66M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $57,337 per employee1.
Business Information - Gilsbar Holdings, LLC in Covington, LA
2100 Covington Centre
Covington, LA 70433
Third Party Administration of Insurance and Pension Funds (NAICS code 524292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-01
Industry PPP Comparison Statistics
Nationwide, 871 businesses in the "Third Party Administration of Insurance and Pension Funds" industry received a total of $249,450,055.00 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 19 employees, 96% lower than Gilsbar Holdings, LLC's reported 465 employees, and received an average PPP loan of $286,395, 95% lower than this company's loan of $5.55M.
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Footnotes & Information
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