PPP Loan Data — Gilton Solid Waste Management, Inc, Oakdale, CA
Gilton Solid Waste Management, Inc is a corporation located at 755 S Yosemite Ave in Oakdale, California that received a Coronavirus-related PPP loan from the SBA of $2,428,518.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 190 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Oak Valley Community Bank
Gilton Solid Waste Management, Inc in Oakdale, CA received a Paycheck Protection Loan of $2.43M through Oak Valley Community Bank, which was approved in April, 2020.
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, Gilton Solid Waste Management, Inc's 2019 payroll expenses are estimated to be at least $11.66M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $61,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gilton Solid Waste Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,428,518
Business Information - Gilton Solid Waste Management, Inc in Oakdale, CA
755 S Yosemite Ave
Oakdale, CA 95361
Solid Waste Collection
NAICS code 562111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,891 businesses in the "Solid Waste Collection" industry received a total of $616.17M 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 15 employees, 92% lower than Gilton Solid Waste Management, Inc's reported 190 employees, and received an average PPP loan of $158,359, 93% lower than this company's loan of $2.43M.
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Footnotes & Information
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