PPP Loan Data — GMH Associates Inc, Newtown Square, PA
GMH Associates Inc is a corporation located at 10 Campus Blvd in Newtown Square, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,196,926.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
GMH Associates Inc received a Paycheck Protection Loan of $4.2M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, GMH Associates Inc's total 2019 payroll expenses were approximately $20.15M in order to qualify for the PPP loan amount received.
Based on their reported 399 jobs retained, this equals an estimated average yearly compensation of $50,489 per employee1.
Business Information - GMH Associates Inc in Newtown Square, PA
10 Campus Blvd
Newtown Square, PA 19073
Lessors of Residential Buildings and Dwellings (NAICS code 531110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-05
Similar Companies near Newtown Square
In the Newtown Square area, 2 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 202 employees (compared to this company's 399) and received an average PPP loan of $2,118,860 (compared to this company's $4.2M).
Similar Nearby Businesses Who Received PPP Funding:
Edward Chermol III DMD PC
Newtown Square, PA
Industry PPP Comparison Statistics
Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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 8 employees, 98% lower than GMH Associates Inc's reported 399 employees, and received an average PPP loan of $80,929, 98% lower than this company's loan of $4.2M.
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Footnotes & Information
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