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PPP Loan Data — Green Mechanical Construction, Inc., Glasgow, KY

SBA PPP loan data, payroll data, and salaries for Green Mechanical Construction, Inc.
KY

Green Mechanical Construction, Inc.

Entity: Subchapter S Corporation

Industry: Industrial Building Construction

Location: Glasgow, KY

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Green Mechanical Construction, Inc. is a subchapter s corporation located at 322 West Main St in Glasgow, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,436,500.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 203 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

203

Loan Approved:

2020-04-03

Lender:

SOUTH CENTRAL BANK, INC.

Green Mechanical Construction, Inc. in Glasgow, KY received a Paycheck Protection Loan of $2.44M through SOUTH CENTRAL BANK, INC., which was approved in April, 2020.

Based on standard PPP eligibility rules, Green Mechanical Construction, Inc.'s total 2019 payroll expenses were approximately $11.7M in order to qualify for the PPP loan amount received.

Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $57,612 per employee1.

Because the loan received by Green Mechanical Construction, 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 - Green Mechanical Construction, Inc. in Glasgow, KY

Green Mechanical Construction, Inc.
322 West Main St
Glasgow, KY 42141

Business Industry

Industrial Building Construction (NAICS code 236210)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: KY-02

Similar Companies near Glasgow

In the Glasgow area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 203) and received an average PPP loan of $1,664,988 (compared to this company's $2.44M).

Similar Nearby Businesses Who Received PPP Funding:

Alliance Corporation
Glasgow, KY

$893,476 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,553 businesses in the "Industrial Building Construction" industry received a total of $1,532,091,139.00 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 13 employees, 94% lower than Green Mechanical Construction, Inc.'s reported 203 employees, and received an average PPP loan of $202,845, 92% lower than this company's loan of $2.44M.

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/green-mechanical-construction-inc-glasgow-ky