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PPP Loan Data — Gray & Son, Inc., Lutherville Timonium, MD

SBA PPP loan data, payroll data, and salaries for Gray & Son, Inc.
MD

Gray & Son, Inc.

Entity: Subchapter S Corporation

Industry: Highway, Street, and Bridge Construction

Location: Lutherville Timonium, MD

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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:

$2.87M

Jobs Retained:

244

Loan Approved:

2020-04-09

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.

Because the loan received by Gray & Son, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Gray & Son, Inc. in Lutherville Timonium, MD

Gray & Son, Inc.
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-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

$2.38M PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gray-and-son-inc-lutherville-timonium-md