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PPP Loan Data — Gold Cross Services, Inc., Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Gold Cross Services, Inc.
UT

Gold Cross Services, Inc.

Entity: Corporation

Industry: Ambulance Services

Location: Salt Lake City, UT

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Gold Cross Services, Inc. is a corporation located at 1717 S Redwood Rd in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $4,130,800.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 448 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.13M

Jobs Retained:

448

Loan Approved:

2020-04-13

Lender:

KEYBANK NATIONAL ASSOCIATION

Gold Cross Services, Inc. in Salt Lake City, UT received a Paycheck Protection Loan of $4.13M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gold Cross Services, Inc.'s total 2019 payroll expenses were approximately $19.83M in order to qualify for the PPP loan amount received.

Based on their reported 448 jobs retained, this equals an estimated average yearly compensation of $44,259 per employee1.

Because the loan received by Gold Cross Services, 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 Cross Services, Inc. in Salt Lake City, UT

Gold Cross Services, Inc.
1717 S Redwood Rd
Salt Lake City, UT 84104

Business Industry

Ambulance Services (NAICS code 621910)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: UT-02

Industry PPP Comparison Statistics

Nationwide, 2,115 businesses in the "Ambulance Services" industry received a total of $665,909,225.00 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 37 employees, 92% lower than Gold Cross Services, Inc.'s reported 448 employees, and received an average PPP loan of $314,851, 92% lower than this company's loan of $4.13M.

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-cross-services-inc-salt-lake-city-ut