PPP Loan Data — Gray & Son, Inc., 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
Lender:SANDY SPRING BANK
Gray & 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
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: MD-02
Similar 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.
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Footnotes & Information
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