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PPP Loan Data — Gribbins Insulation Company, Inc., Evansville, IN

SBA PPP loan data, payroll data, and salaries for Gribbins Insulation Company, Inc.
IN

Gribbins Insulation Company, Inc.

Entity: Corporation

Industry: Other Building Equipment Contractors

Location: Evansville, IN

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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

Loan Size:

$4.46M

Jobs Retained:

228

Loan Approved:

2020-04-10

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.

Because the loan received by Gribbins Insulation Company, 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 - Gribbins Insulation Company, Inc. in Evansville, IN

Gribbins Insulation Company, Inc.
1400 E Columbia Street
Evansville, IN 47711

Business Industry

Other Building Equipment Contractors (NAICS code 238290)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional 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).

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gribbins-insulation-company-inc-evansville-in