PPP Loan Data — GT USA Wilmington, LLC, Wilmington, DE
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
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.
Business Information - GT USA Wilmington, LLC in Wilmington, DE
1 Hausel Road
Wilmington, DE 19801
Port and Harbor Operations (NAICS code 488310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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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