PPP Loan Data — Robert D. Gilmore & Associates, Inc, New Britain, PA
Robert D. Gilmore & Associates, Inc is a corporation located at 65 E. Butler Avenue,suite 100 in New Britain, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,407,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Univest Bank and Trust Co.
Robert D. Gilmore & Associates, Inc in New Britain, PA received a Paycheck Protection Loan of $3.41M through Univest Bank and Trust Co., 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, Robert D. Gilmore & Associates, Inc's 2019 payroll expenses are estimated to be at least $16.35M.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $99,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert D. Gilmore & Associates, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,407,100
Business Information - Robert D. Gilmore & Associates, Inc in New Britain, PA
65 E. Butler Avenue,suite 100
New Britain, PA 18901
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near New Britain
In the New Britain area, 15 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 164) and received an average PPP loan of $406,885 (compared to this company's $3.41M).
Similar Nearby Businesses Who Received PPP Funding:
Arna Engineering Inc
Integrated Aquatics Engineering Corp
CKS Engineers, Inc
Controlled Vibrations Inc
Independent Environmental Management, LLC
Castle Valley Consultants Inc
Theta Consulting LLC
Evolution Scientific, Incorporated
Industry PPP Comparison Statistics
Nationwide, 42,689 businesses in the "Engineering Services" industry received a total of $8.99B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 91% lower than Robert D. Gilmore & Associates, Inc's reported 164 employees, and received an average PPP loan of $210,573, 94% lower than this company's loan of $3.41M.
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Footnotes & Information
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