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PPP Loan Data — GL Group Inc, Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for GL Group Inc
MO

GL Group Inc

Entity: Corporation

Industry: Book, Periodical, and Newspaper Merchant Wholesalers

Location: Saint Louis, MO

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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

Loan Size:

$2.48M

Jobs Retained:

194

Loan Approved:

2020-04-10

Lender:

COMMERCE BANK

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.

Because the loan received by GL Group Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - GL Group Inc in Saint Louis, MO

GL Group Inc
1230 Macklind Ave
Saint Louis, MO 63110

Business Industry

Book, Periodical, and Newspaper Merchant Wholesalers (NAICS code 424920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$23,000 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gl-group-inc-saint-louis-mo