Goengineer, Inc. in Salt Lake City, UT - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Goengineer, Inc., Salt Lake City, UT

Goengineer, Inc.

Entity: Subchapter S Corporation

Industry: Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing

Location: Salt Lake City, UT

Goengineer, Inc. is a subchapter s corporation located at 1787 E Fort Union Blvd in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $4,047,300.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 231 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.05M

Jobs Retained:

231

Loan Approved:

2020-04-14

Lender:

COMERICA BANK

Goengineer, Inc. received a Paycheck Protection Loan of $4.05M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Goengineer, Inc.'s total 2019 payroll expenses were approximately $19.43M in order to qualify for the PPP loan amount received.

Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $84,100 per employee¹.

Because the loan received by Goengineer, 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 - Goengineer, Inc. in Salt Lake City, UT

Goengineer, Inc.
1787 E Fort Union Blvd
Salt Lake City, UT 84121

Business Industry

Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing (NAICS code 334614)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: UT-03

Industry PPP Comparison Statistics

Nationwide, 1,105 businesses in the "Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing" industry received a total of $129,790,461.00 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 7 employees, 97% lower than Goengineer, Inc.'s reported 231 employees, and received an average PPP loan of $117,457, 97% lower than this company's loan of $4.05M.

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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