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PPP Loan Data — Group 360, Inc, Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for Group 360, Inc
MO

Group 360, Inc

Entity: Corporation

Industry: Process, Physical Distribution, and Logistics Consulting Services

Location: Saint Louis, MO

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Group 360, Inc is a corporation located at 1227 Washington Ave in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $4,451,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.45M

Jobs Retained:

235

Loan Approved:

2020-04-06

Lender:

ENTERPRISE BANK & TRUST

Group 360, Inc received a Paycheck Protection Loan of $4.45M through ENTERPRISE BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Group 360, Inc's total 2019 payroll expenses were approximately $21.36M in order to qualify for the PPP loan amount received.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $90,914 per employee1.

Because the loan received by Group 360, 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 - Group 360, Inc in Saint Louis, MO

Group 360, Inc
1227 Washington Ave
Saint Louis, MO 63103

Business Industry

Process, Physical Distribution, and Logistics Consulting Services (NAICS code 541614)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-01

Industry PPP Comparison Statistics

Nationwide, 4,460 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $676,111,064.00 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 Group 360, Inc's reported 235 employees, and received an average PPP loan of $151,594, 97% lower than this company's loan of $4.45M.

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.

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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/group-360-inc-saint-louis-mo