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PPP Loan Data — GT USA Wilmington, LLC, Wilmington, DE

SBA PPP loan data, payroll data, and salaries for GT USA Wilmington, LLC
DE

GT USA Wilmington, LLC

Entity: Limited Liability Company (LLC)

Industry: Port and Harbor Operations

Location: Wilmington, DE

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GT USA Wilmington, LLC is a limited liability company (LLC) located at 1 Hausel Road in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $7,028,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.03M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

MANUFACTURERS AND TRADERS TRUST COMPANY

GT USA Wilmington, LLC in Wilmington, DE received a Paycheck Protection Loan of $7.03M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, GT USA Wilmington, LLC's total 2019 payroll expenses were approximately $33.74M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $67,476 per employee1.

Because the loan received by GT USA Wilmington, LLC 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 - GT USA Wilmington, LLC in Wilmington, DE

GT USA Wilmington, LLC
1 Hausel Road
Wilmington, DE 19801

Business Industry

Port and Harbor Operations (NAICS code 488310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: DE-

Industry PPP Comparison Statistics

Nationwide, 188 businesses in the "Port and Harbor Operations" industry received a total of $39,167,792.00 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 15 employees, 97% lower than GT USA Wilmington, LLC's reported 500 employees, and received an average PPP loan of $208,339, 97% lower than this company's loan of $7.03M.

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, 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/gt-usa-wilmington-llc-wilmington-de