PPP Loan Data — Gribbins Insulation Company, Inc., Evansville, IN
Gribbins Insulation Company, Inc. is a corporation located at 1400 E Columbia Street in Evansville, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,455,400.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 228 people during the applicable loan loan period.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
Gribbins Insulation Company, Inc. received a Paycheck Protection Loan of $4.46M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gribbins Insulation Company, Inc.'s total 2019 payroll expenses were approximately $21.39M in order to qualify for the PPP loan amount received.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $93,798 per employee1.
Business Information - Gribbins Insulation Company, Inc. in Evansville, IN
1400 E Columbia Street
Evansville, IN 47711
Other Building Equipment Contractors (NAICS code 238290)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: IN-08
Similar Companies near Evansville
In the Evansville area, 3 businesses in the "Other Building Equipment Contractors" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 228) and received an average PPP loan of $1,542,293 (compared to this company's $4.46M).
Similar Nearby Businesses Who Received PPP Funding:
Dish Express Inc
Jorgensen Petroleum Maintenance, Inc.
Industry PPP Comparison Statistics
Nationwide, 4,721 businesses in the "Other Building Equipment Contractors" industry received a total of $856,112,742.00 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 12 employees, 95% lower than Gribbins Insulation Company, Inc.'s reported 228 employees, and received an average PPP loan of $181,341, 96% lower than this company's loan of $4.46M.
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Footnotes & Information
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