PPP Loan Data — Gray & Son, Inc.,
Lutherville Timonium, MD
Gray & Son, Inc.
Entity: Subchapter S Corporation
Industry: Highway, Street, and Bridge Construction
Location: Lutherville Timonium, MD

Gray & Son, Inc. is a subchapter s corporation located at 430 W. Padonia Road in Lutherville Timonium, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,871,860.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 244 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
244Loan Approved:
2020-04-09Lender:
SANDY SPRING BANKGray & Son, Inc. in Lutherville Timonium, MD received a Paycheck Protection Loan of $2.87M through SANDY SPRING BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gray & Son, Inc.'s total 2019 payroll expenses were approximately $13.78M in order to qualify for the PPP loan amount received.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $56,496 per employee1.
Business Information - Gray & Son, Inc. in Lutherville Timonium, MD
430 W. Padonia Road
Lutherville Timonium, MD 21093
Business Industry
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MD-02Similar Companies near Lutherville Timonium
In the Lutherville Timonium area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 194 employees (compared to this company's 244) and received an average PPP loan of $2,624,223 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
Gray & SonMD Paving Mgmt, Inc
Lutherville Timonium, MD
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 89% lower than Gray & Son, Inc.'s reported 244 employees, and received an average PPP loan of $405,656, 86% lower than this company's loan of $2.87M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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