PPP Loan Data — Gregory Industries, Inc, Canton, OH
Gregory Industries, Inc
Industry: Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
Location: Canton, OHTweet This • Search All PPP Data
Gregory Industries, Inc is a corporation located at 4100 13th Street Sw in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,086,487.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 230 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Gregory Industries, Inc in Canton, OH received a Paycheck Protection Loan of $3.09M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gregory Industries, Inc's total 2019 payroll expenses were approximately $14.82M in order to qualify for the PPP loan amount received.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $64,414 per employee1.
Business Information - Gregory Industries, Inc in Canton, OH
4100 13th Street Sw
Canton, OH 44710
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-07
Industry PPP Comparison Statistics
Nationwide, 1,522 businesses in the "Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers" industry received a total of $289,929,219.00 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 16 employees, 93% lower than Gregory Industries, Inc's reported 230 employees, and received an average PPP loan of $190,492, 94% lower than this company's loan of $3.09M.
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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