Greystone Logistics, Inc in Tulsa, OK - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Greystone Logistics, Inc, Tulsa, OK

Greystone Logistics, Inc

Entity: Corporation

Industry: Plastics Material and Resin Manufacturing

Location: Tulsa, OK

Greystone Logistics, Inc is a corporation located at 1613 E 15th Street in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,034,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.03M

Jobs Retained:

327

Loan Approved:

2020-04-09

Lender:

INTERNATIONAL BANK OF COMMERCE

Greystone Logistics, Inc received a Paycheck Protection Loan of $3.03M through INTERNATIONAL BANK OF COMMERCE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Greystone Logistics, Inc's total 2019 payroll expenses were approximately $14.56M in order to qualify for the PPP loan amount received.

Based on their reported 327 jobs retained, this equals an estimated average yearly compensation of $44,536 per employee¹.

Because the loan received by Greystone Logistics, 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 - Greystone Logistics, Inc in Tulsa, OK

Greystone Logistics, Inc
1613 E 15th Street
Tulsa, OK 74120

Business Industry

Plastics Material and Resin Manufacturing (NAICS code 325211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OK-01

Industry PPP Comparison Statistics

Nationwide, 858 businesses in the "Plastics Material and Resin Manufacturing" industry received a total of $311,116,969.00 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 29 employees, 91% lower than Greystone Logistics, Inc's reported 327 employees, and received an average PPP loan of $362,607, 88% lower than this company's loan of $3.03M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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