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PPP Loan Data — Gladieux Trading And Marketing Company, LP, Fort Wayne, IN

SBA PPP loan data, payroll data, and salaries for Gladieux Trading And Marketing Company, LP
IN

Gladieux Trading And Marketing Company, LP

Entity: Partnership

Industry: Petroleum Refineries

Location: Fort Wayne, IN

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Gladieux Trading And Marketing Company, LP is a partnership located at 4133 New Haven Ave in Fort Wayne, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,276,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

176

Loan Approved:

2020-04-05

Lender:

LAKE CITY BANK

Gladieux Trading And Marketing Company, LP in Fort Wayne, IN received a Paycheck Protection Loan of $3.28M through LAKE CITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gladieux Trading And Marketing Company, LP's total 2019 payroll expenses were approximately $15.72M in order to qualify for the PPP loan amount received.

Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $89,345 per employee1.

Because the loan received by Gladieux Trading And Marketing Company, LP 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 - Gladieux Trading And Marketing Company, LP in Fort Wayne, IN

Gladieux Trading And Marketing Company, LP
4133 New Haven Ave
Fort Wayne, IN 46803

Business Industry

Petroleum Refineries (NAICS code 324110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-03

Industry PPP Comparison Statistics

Nationwide, 214 businesses in the "Petroleum Refineries" industry received a total of $61,112,029.00 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, 90% lower than Gladieux Trading And Marketing Company, LP's reported 176 employees, and received an average PPP loan of $285,570, 91% lower than this company's loan of $3.28M.

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, and is published unmodified, as provided by the SBA.

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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/gladieux-trading-and-marketing-company-lp-fort-wayne-in