PPP Loan Data — Gorbett Enterprises Of Solon Inc, Solon, OH
Gorbett Enterprises Of Solon Inc is a corporation located at 6531 Cochran Rd in Solon, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,495,700.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST COMMONWEALTH BANK
Gorbett Enterprises Of Solon Inc received a Paycheck Protection Loan of $2.5M through FIRST COMMONWEALTH BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gorbett Enterprises Of Solon Inc's total 2019 payroll expenses were approximately $11.98M in order to qualify for the PPP loan amount received.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $50,123 per employee1.
Business Information - Gorbett Enterprises Of Solon Inc in Solon, OH
6531 Cochran Rd
Solon, OH 44139
General Warehousing and Storage (NAICS code 493110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-14
Similar Companies near Solon
In the Solon area, 3 businesses in the "General Warehousing and Storage" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 239) and received an average PPP loan of $896,707 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Csrw Mill River Indoor Storage, LLC
Olmsted Falls, OH
Branded Distribution LLC
Industry PPP Comparison Statistics
Nationwide, 3,025 businesses in the "General Warehousing and Storage" industry received a total of $593,729,644.00 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 19 employees, 92% lower than Gorbett Enterprises Of Solon Inc's reported 239 employees, and received an average PPP loan of $196,274, 92% lower than this company's loan of $2.5M.
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Footnotes & Information
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