PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Gold Creek Processing, LLC, Gainesville, GA

SBA PPP loan data, payroll data, and salaries for Gold Creek Processing, LLC
GA

Gold Creek Processing, LLC

Entity: Limited Liability Company (LLC)

Industry: Poultry Processing

Location: Gainesville, GA

Search All PPP Data

Gold Creek Processing, LLC is a limited liability company (LLC) located at 2063 Memorial Park Dr. in Gainesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $8,300,000.00 in August, 2020.

$ PPP Loan Information

Loan Size:

$8.3M

Jobs Retained:

500

Loan Approved:

2020-08-03

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Gold Creek Processing, LLC received a Paycheck Protection Loan of $8.3M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in August, 2020.

Based on standard PPP eligibility rules, Gold Creek Processing, LLC's total 2019 payroll expenses were approximately $39.84M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $79,680 per employee1.

Because the loan received by Gold Creek Processing, LLC 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 Creek Processing, LLC in Gainesville, GA

Gold Creek Processing, LLC
2063 Memorial Park Dr.
Gainesville, GA 30504

Business Industry

Poultry Processing (NAICS code 311615)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-09

Similar Companies near Gainesville

In the Gainesville area, 3 businesses in the "Poultry Processing" industry received a PPP loan. These local businesses reported an average of 393 employees (compared to this company's 500) and received an average PPP loan of $6,241,367 (compared to this company's $8.3M).

Industry PPP Comparison Statistics

Nationwide, 213 businesses in the "Poultry Processing" industry received a total of $148,516,793.00 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 68 employees, 86% lower than Gold Creek Processing, LLC's reported 500 employees, and received an average PPP loan of $697,262, 92% lower than this company's loan of $8.3M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gold-creek-processing-llc-gainesville-ga