PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

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

ALERT: There are 2 PPP loans for a total of $5.28M in our database for businesses with the name "Gladieux Trading And Marketing Company LP" in Fort Wayne, IN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

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

Search All PPP Data

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 $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #2146668503

Loan Size:

$2M

Jobs Retained:

153

Loan Approved:

2021-02-20

Loan Status:

Ongoing Loan

Lender:

Lake City Bank

Gladieux Trading And Marketing Company LP in Fort Wayne, IN received a Paycheck Protection Loan of $2M through Lake City Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Gladieux Trading And Marketing Company LP's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $62,745 per employee1

Reported PPP Proceed Usage:

On the PPP application, Gladieux Trading And Marketing Company LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
  • Utilities: $1
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: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Allen County, IN — SBA Office 0562 — Congressional District: IN-03

Industry PPP Comparison Statistics

Nationwide, 331 businesses in the "Petroleum Refineries" industry received a total of $80.87M 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 18 employees, 88% lower than Gladieux Trading And Marketing Company LP's reported 153 employees, and received an average PPP loan of $244,328, 88% lower than this company's loan of $2M.

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

Search All PPP Data

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 #5203137001

Loan Size:

$3.28M

Jobs Retained:

176

Loan Approved:

2020-04-05

Loan Status:

Paid in Full or Forgiven

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.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Gladieux Trading And Marketing Company, LP's 2019 payroll expenses are estimated to be at least $15.72M.

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

Reported PPP Proceed Usage:

On the PPP application, Gladieux Trading And Marketing Company, LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,600,000
  • Utilities: $126,000
  • Rent: $320,000
  • Health Care: $230,000
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: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Allen County, IN — SBA Office 0562 — Congressional District: IN-03

Industry PPP Comparison Statistics

Nationwide, 331 businesses in the "Petroleum Refineries" industry received a total of $80.87M 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 18 employees, 90% lower than Gladieux Trading And Marketing Company, LP's reported 176 employees, and received an average PPP loan of $244,328, 93% 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, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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