PPP Loan Data — Bouten Construction Company, Spokane, WA
Bouten Construction Company
Location: Spokane, WATweet This • Search All PPP Data
Bouten Construction Company is a corporation located at 627 N Napa St in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $3,412,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Trust Bank
Bouten Construction Company in Spokane, WA received a Paycheck Protection Loan of $3.41M through Washington Trust Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 164. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Bouten Construction Company's 2019 payroll expenses are estimated to be at least $16.38M (not accounting for salary amounts > $100k).
Because the 93 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Bouten Construction Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,412,400
Business Information - Bouten Construction Company in Spokane, WA
627 N Napa St
Spokane, WA 99220
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 87% lower than Bouten Construction Company's reported 93 employees, and received an average PPP loan of $157,325, 95% lower than this company's loan of $3.41M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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