PPP Loan Data — GPK Products, Inc, Fargo, ND
GPK Products, Inc is a corporation located at 1601 43rd St N in Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $1,809,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
GPK Products, Inc in Fargo, ND received a Paycheck Protection Loan of $1.81M through Bell Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, GPK Products, Inc's 2019 payroll expenses are estimated to be at least $8.68M.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $46,686 per employee1
Reported PPP Proceed Usage:
On the PPP application, GPK Products, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,809,100
Business Information - GPK Products, Inc in Fargo, ND
1601 43rd St N
Fargo, ND 58102
Plastics Pipe and Pipe Fitting Manufacturing
NAICS code 326122
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 254 businesses in the "Plastics Pipe and Pipe Fitting Manufacturing" industry received a total of $88.03M 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 32 employees, 83% lower than GPK Products, Inc's reported 186 employees, and received an average PPP loan of $346,565, 81% lower than this company's loan of $1.81M.
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Footnotes & Information
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