PPP Loan Data — GL Group Inc, Saint Louis, MO
GL Group Inc
Location: Saint Louis, MOTweet This • Search All PPP Data
GL Group Inc is a corporation located at 1230 Macklind Ave in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,476,700.00 in April, 2020.
$ PPP Loan Information
GL Group Inc received a Paycheck Protection Loan of $2.48M through COMMERCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, GL Group Inc's total 2019 payroll expenses were approximately $11.89M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $61,279 per employee1.
Business Information - GL Group Inc in Saint Louis, MO
1230 Macklind Ave
Saint Louis, MO 63110
Book, Periodical, and Newspaper Merchant Wholesalers (NAICS code 424920)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-01
Similar Companies near Saint Louis
In the Saint Louis area, 2 businesses in the "Book, Periodical, and Newspaper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 194) and received an average PPP loan of $1,249,850 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Big Solutions LLC
Saint Louis, MO
Industry PPP Comparison Statistics
Nationwide, 705 businesses in the "Book, Periodical, and Newspaper Merchant Wholesalers" industry received a total of $75,359,438.00 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 10 employees, 95% lower than GL Group Inc's reported 194 employees, and received an average PPP loan of $106,893, 96% lower than this company's loan of $2.48M.
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.
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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