PPP Loan Data — Graddys Equipment Sales Inc, Central Point, OR
Graddys Equipment Sales Inc
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Central Point, ORTweet This • Search All PPP Data
Graddys Equipment Sales Inc is a corporation located at 779 E Vilas Rd in Central Point, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,064.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Federal Bank, National Association
Graddys Equipment Sales Inc in Central Point, OR received a Paycheck Protection Loan of $46,064 through Washington Federal Bank, National Association, which was approved in April, 2020.
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, Graddys Equipment Sales Inc's 2019 payroll expenses are estimated to be at least $221,107.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,221 per employee1
Reported PPP Proceed Usage:
On the PPP application, Graddys Equipment Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,064
Business Information - Graddys Equipment Sales Inc in Central Point, OR
779 E Vilas Rd
Central Point, OR 97502
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Central Point
In the Central Point area, 4 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $126,891 (compared to this company's $46,064).
Similar Nearby Businesses Who Received PPP Funding:
Applied Refrigeration Technology, Inc
Central Point, OR
Apex Machining Company Inc
White City, OR
Industry PPP Comparison Statistics
Nationwide, 22,310 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.27B 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 9 employees, 80% higher than Graddys Equipment Sales Inc's reported 5 employees, and received an average PPP loan of $101,583, 121% higher than this company's loan of $46,064.
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