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PPP Loan Data — Gold Bond, Inc., Hixson, TN

SBA PPP loan data, payroll data, and salaries for Gold Bond, Inc.
TN

Gold Bond, Inc.

Entity: Corporation

Industry: Commercial Printing (except Screen and Books)

Location: Hixson, TN

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Gold Bond, Inc. is a corporation located at 5485 Hixson Pike in Hixson, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,628,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.63M

Jobs Retained:

330

Loan Approved:

2020-04-06

Lender:

FIRST HORIZON BANK

Gold Bond, Inc. in Hixson, TN received a Paycheck Protection Loan of $2.63M through FIRST HORIZON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gold Bond, Inc.'s total 2019 payroll expenses were approximately $12.62M in order to qualify for the PPP loan amount received.

Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $38,228 per employee1.

Because the loan received by Gold Bond, 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 - Gold Bond, Inc. in Hixson, TN

Gold Bond, Inc.
5485 Hixson Pike
Hixson, TN 37343

Business Industry

Commercial Printing (except Screen and Books) (NAICS code 323111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-03

Similar Companies near Hixson

In the Hixson area, 7 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 330) and received an average PPP loan of $445,295 (compared to this company's $2.63M).

Industry PPP Comparison Statistics

Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, 96% lower than Gold Bond, Inc.'s reported 330 employees, and received an average PPP loan of $149,024, 94% lower than this company's loan of $2.63M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gold-bond-inc-hixson-tn