PPP Loan Data — Gulf Stream Coach, Inc., Nappanee, IN
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
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.
Business Information - Gulf Stream Coach, Inc. in Nappanee, IN
503 S Oakland Ave
Nappanee, IN 46550
Motor Home Manufacturing (NAICS code 336213)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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