PPP Loan Data — Globe Engineering Co, Inc., Wichita, KS
Globe Engineering Co, Inc.
Location: Wichita, KSTweet This • Search All PPP Data
Globe Engineering Co, Inc. is a corporation located at 1539 S St. Paul in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $4,679,300.00 in April, 2020.
$ PPP Loan Information
Globe Engineering Co, Inc. received a Paycheck Protection Loan of $4.68M through COMMERCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Globe Engineering Co, Inc.'s total 2019 payroll expenses were approximately $22.46M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $87,057 per employee1.
Business Information - Globe Engineering Co, Inc. in Wichita, KS
1539 S St. Paul
Wichita, KS 67213
Other Aircraft Parts and Auxiliary Equipment Manufacturing (NAICS code 336413)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-04
Similar Companies near Wichita
In the Wichita area, 13 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 258) and received an average PPP loan of $1,197,142 (compared to this company's $4.68M).
Similar Nearby Businesses Who Received PPP Funding:
Trinity Precision, Inc.
Axiom Engineering Inc.
Quik Tek Machining LLC
Goddard Machine, LLC
The Mcginty Machine Company, Inc.
Tech-Aire Instruments, Inc.
Capps Manufacturing Inc
Industry PPP Comparison Statistics
Nationwide, 841 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $453,528,343.00 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 33 employees, 87% lower than Globe Engineering Co, Inc.'s reported 258 employees, and received an average PPP loan of $539,273, 88% lower than this company's loan of $4.68M.
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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