PPP Loan Data — Gray Manufacturing Company, Inc., Saint Joseph, MO
Gray Manufacturing Company, Inc.
Entity: Subchapter S Corporation
Location: Saint Joseph, MOTweet This • Search All PPP Data
Gray Manufacturing Company, Inc. is a subchapter s corporation located at 3501 S. Leonard Road in Saint Joseph, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,591,500.00 in April, 2020.
$ PPP Loan Information
Gray Manufacturing Company, Inc. in Saint Joseph, MO received a Paycheck Protection Loan of $2.59M through COMMERCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gray Manufacturing Company, Inc.'s total 2019 payroll expenses were approximately $12.44M in order to qualify for the PPP loan amount received.
Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $68,347 per employee1.
Business Information - Gray Manufacturing Company, Inc. in Saint Joseph, MO
3501 S. Leonard Road
Saint Joseph, MO 64503
All Other Miscellaneous General Purpose Machinery Manufacturing (NAICS code 333999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-06
Industry PPP Comparison Statistics
Nationwide, 1,828 businesses in the "All Other Miscellaneous General Purpose Machinery Manufacturing" industry received a total of $441,733,775.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 18 employees, 90% lower than Gray Manufacturing Company, Inc.'s reported 182 employees, and received an average PPP loan of $241,649, 91% lower than this company's loan of $2.59M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!