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PPP Loan Data — Gulf Stream Coach, Inc., Nappanee, IN

SBA PPP loan data, payroll data, and salaries for Gulf Stream Coach, Inc.
IN

Gulf Stream Coach, Inc.

Entity: Subchapter S Corporation

Industry: Motor Home Manufacturing

Location: Nappanee, IN

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Gulf Stream Coach, Inc. is a subchapter s corporation located at 503 S Oakland Ave in Nappanee, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,286,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.29M

Jobs Retained:

418

Loan Approved:

2020-04-10

Lender:

KEYBANK NATIONAL ASSOCIATION

Gulf Stream Coach, Inc. in Nappanee, IN received a Paycheck Protection Loan of $4.29M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gulf Stream Coach, Inc.'s total 2019 payroll expenses were approximately $20.57M in order to qualify for the PPP loan amount received.

Based on their reported 418 jobs retained, this equals an estimated average yearly compensation of $49,221 per employee1.

Because the loan received by Gulf Stream Coach, 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 - Gulf Stream Coach, Inc. in Nappanee, IN

Gulf Stream Coach, Inc.
503 S Oakland Ave
Nappanee, IN 46550

Business Industry

Motor Home Manufacturing (NAICS code 336213)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-02

Similar Companies near Nappanee

In the Nappanee area, 2 businesses in the "Motor Home Manufacturing" industry received a PPP loan. These local businesses reported an average of 230 employees (compared to this company's 418) and received an average PPP loan of $2,332,450 (compared to this company's $4.29M).

Similar Nearby Businesses Who Received PPP Funding:

Miller MFG Corp
Nappanee, IN

$378,600 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 52 businesses in the "Motor Home Manufacturing" industry received a total of $23,789,600.00 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 44 employees, 89% lower than Gulf Stream Coach, Inc.'s reported 418 employees, and received an average PPP loan of $457,492, 89% lower than this company's loan of $4.29M.

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/gulf-stream-coach-inc-nappanee-in