PPP Loan Data — Goettle Holding Company Inc, Cincinnati, OH
Goettle Holding Company Inc is a corporation located at 12071 Hamilton Ave in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,732,998.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 203 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE NORTH SIDE BANK AND TRUST COMPANY
Goettle Holding Company Inc in Cincinnati, OH received a Paycheck Protection Loan of $4.73M through THE NORTH SIDE BANK AND TRUST COMPANY, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 203 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 227.
Based on standard PPP eligibility rules, Goettle Holding Company Inc's total 2019 payroll expenses were approximately $22.72M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 203 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Goettle Holding Company Inc in Cincinnati, OH
12071 Hamilton Ave
Cincinnati, OH 45231
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-01
Similar Companies near Cincinnati
In the Cincinnati area, 6 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 203) and received an average PPP loan of $817,573 (compared to this company's $4.73M).
Similar Nearby Businesses Who Received PPP Funding:
Casework Installations, LLC
Carlos Maradiaga Salcedo
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 96% lower than Goettle Holding Company Inc's reported 203 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $4.73M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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