PPP Loan Data — Gunton Coporation, Bedford, OH
Location: Bedford, OHTweet This • Search All PPP Data
Gunton Coporation is a corporation located at 26150 Richmond Rd in Bedford, Ohio that received a Coronavirus-related PPP loan from the SBA of $6,593,400.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Gunton Coporation in Bedford, OH received a Paycheck Protection Loan of $6.59M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gunton Coporation's total 2019 payroll expenses were approximately $31.65M in order to qualify for the PPP loan amount received.
Based on their reported 417 jobs retained, this equals an estimated average yearly compensation of $75,895 per employee1.
Business Information - Gunton Coporation in Bedford, OH
26150 Richmond Rd
Bedford, OH 44146
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Bedford
In the Bedford area, 4 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 417) and received an average PPP loan of $1,834,758 (compared to this company's $6.59M).
Similar Nearby Businesses Who Received PPP Funding:
B And B Wood Products Inc
Bedford Heights, OH
The Appalachian Hardwood Lumber Company
Bedford Heights, OH
Upscape Cabinets And Countertops, LLC
Industry PPP Comparison Statistics
Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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 17 employees, 96% lower than Gunton Coporation's reported 417 employees, and received an average PPP loan of $225,451, 97% lower than this company's loan of $6.59M.
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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