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PPP Loan Data — Gold Cross Services, Inc.,
Salt Lake City, 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:
Jobs Retained:
448Loan Approved:
2020-04-13Lender:
KEYBANK NATIONAL ASSOCIATIONGold 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.
Business Information - Gold Cross Services, Inc. in Salt Lake City, UT
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-02Industry 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.
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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