PPP Loan Data — Absher Construction Co., Puyallup, WA
Absher Construction Co.
Location: Puyallup, WATweet This • Search All PPP Data
Absher Construction Co. is a corporation located at 1001 Shaw Road in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $6,047,729.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 320 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION
Absher Construction Co. received a Paycheck Protection Loan of $6.05M through WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Absher Construction Co.'s total 2019 payroll expenses were approximately $29.03M in order to qualify for the PPP loan amount received.
Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $90,716 per employee1.
Business Information - Absher Construction Co. in Puyallup, WA
1001 Shaw Road
Puyallup, WA 98372
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: WA-10
Similar Companies near Puyallup
In the Puyallup area, 8 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 320) and received an average PPP loan of $796,971 (compared to this company's $6.05M).
Similar Nearby Businesses Who Received PPP Funding:
BRC Family LLC
WK Afdem Construction, Inc.
Probuild Construction LLC
Broeker And Sons
Projects West, Inc.
SCF General Contractors, LLC
The Wood Collection
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 96% lower than Absher Construction Co.'s reported 320 employees, and received an average PPP loan of $203,235, 97% lower than this company's loan of $6.05M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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