PPP Loan Data — Gossett Janitorial Services, Taylors, SC
Gossett Janitorial Services is a sole proprietorship located at 507 Reid School Road in Taylors, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cache Valley Bank
Gossett Janitorial Services in Taylors, SC received a Paycheck Protection Loan of $25,000 through Cache Valley Bank, which was approved in June, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Gossett Janitorial Services' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gossett Janitorial Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Gossett Janitorial Services in Taylors, SC
507 Reid School Road
Taylors, SC 29687
Facilities Support Services
NAICS code 561210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Taylors
In the Taylors area, 3 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 8) and received an average PPP loan of $17,400 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 5,275 businesses in the "Facilities Support Services" industry received a total of $630.92M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 63% higher than Gossett Janitorial Services' reported 8 employees, and received an average PPP loan of $119,606, 378% higher than this company's loan of $25,000.
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Footnotes & Information
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