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PPP Loan Data — Gwla Acquisition Corp, South Gate, CA

SBA PPP loan data, payroll data, and salaries for Gwla Acquisition Corp

Gwla Acquisition Corp

Entity: Corporation

Industry: Glass Product Manufacturing Made of Purchased Glass

Location: South Gate, CA

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Gwla Acquisition Corp is a corporation located at 8600 Rheem Ave in South Gate, California that received a Coronavirus-related PPP loan from the SBA of $5,985,200.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Gwla Acquisition Corp in South Gate, CA received a Paycheck Protection Loan of $5.99M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gwla Acquisition Corp's total 2019 payroll expenses were approximately $28.73M 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 $57,458 per employee1.

Because the loan received by Gwla Acquisition Corp 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 - Gwla Acquisition Corp in South Gate, CA

Gwla Acquisition Corp
8600 Rheem Ave
South Gate, CA 90280

Business Industry

Glass Product Manufacturing Made of Purchased Glass (NAICS code 327215)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: NON-VETERAN

Congressional District: CA-44

Industry PPP Comparison Statistics

Nationwide, 737 businesses in the "Glass Product Manufacturing Made of Purchased Glass" industry received a total of $164,708,672.00 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 18 employees, 96% lower than Gwla Acquisition Corp's reported 500 employees, and received an average PPP loan of $223,485, 96% lower than this company's loan of $5.99M.

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.

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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 - The Civil Employee's Resource **