PPP Loan Data — Gulf Coast Operations, LLC, Bradenton, FL
Gulf Coast Operations, LLC is a limited liability company (LLC) located at 909 1st Street East in Bradenton, Florida that received a Coronavirus-related PPP loan from the SBA of $1,667,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 487 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
Gulf Coast Operations, LLC in Bradenton, FL received a Paycheck Protection Loan of $1.67M through South State Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Gulf Coast Operations, LLC's 2019 payroll expenses are estimated to be at least $8M.
Based on their reported 487 jobs retained, this equals an estimated average yearly compensation of $16,430 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gulf Coast Operations, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,667,000
Business Information - Gulf Coast Operations, LLC in Bradenton, FL
909 1st Street East
Bradenton, FL 34208
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Bradenton
In the Bradenton area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 487) and received an average PPP loan of $151,469 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Duff's Of Bradenton, Inc
RKC Food LLC
Gecko's - 64, LLC
Faro Food LLC
Taqueria Mi Rancho LLC
Shanghai Yang Inc
Sadhimaa 5 LLC
De'angelos Restaurant Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 96% lower than Gulf Coast Operations, LLC's reported 487 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.67M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!