PPP Loan Data — Gottstein Corporation, Hazle Twp, PA
Location: Hazle Twp, PATweet This • Search All PPP Data
Gottstein Corporation is a corporation located at 39 Elm Road Humboldt Industrial Park in Hazle Twp, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,767,431.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 117 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Bank, National Association
Gottstein Corporation in Hazle Twp, PA received a Paycheck Protection Loan of $1.77M through Community Bank, National Association, which was approved in April, 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, Gottstein Corporation's 2019 payroll expenses are estimated to be at least $8.48M.
Based on their reported 117 jobs retained, this equals an estimated average yearly compensation of $72,510 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gottstein Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,767,431
Business Information - Gottstein Corporation in Hazle Twp, PA
39 Elm Road Humboldt Industrial Park
Hazle Twp, PA 18202
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hazle Twp
In the Hazle Twp area, 7 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 117) and received an average PPP loan of $311,371 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
Hazle Township, PA
Richard Angelo, Inc
Ralph M Cameron
F&L Doors Inc
Domenic Imbriaco Construction Co Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 90% lower than Gottstein Corporation's reported 117 employees, and received an average PPP loan of $157,325, 91% lower than this company's loan of $1.77M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!