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PPP Loan Data — Central Welding Supply Co Inc., Marysville, WA

SBA PPP loan data, payroll data, and salaries for Central Welding Supply Co Inc.
WA

Central Welding Supply Co Inc.

Entity: Corporation

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Marysville, WA

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Central Welding Supply Co Inc. is a corporation located at 13300 38th Ave Ne in Marysville, Washington that received a Coronavirus-related PPP loan from the SBA of $5,620,363.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 330 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.62M

Jobs Retained:

330

Loan Approved:

2020-04-06

Lender:

MOUNTAIN PACIFIC BANK

Central Welding Supply Co Inc. received a Paycheck Protection Loan of $5.62M through MOUNTAIN PACIFIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Central Welding Supply Co Inc.'s total 2019 payroll expenses were approximately $26.98M in order to qualify for the PPP loan amount received.

Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $81,751 per employee1.

Because the loan received by Central Welding Supply Co Inc. 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 - Central Welding Supply Co Inc. in Marysville, WA

Central Welding Supply Co Inc.
13300 38th Ave Ne
Marysville, WA 98271

Business Industry

Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WA-02

Similar Companies near Marysville

In the Marysville area, 3 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 330) and received an average PPP loan of $1,926,093 (compared to this company's $5.62M).

Industry PPP Comparison Statistics

Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 95% lower than Central Welding Supply Co Inc.'s reported 330 employees, and received an average PPP loan of $234,110, 96% lower than this company's loan of $5.62M.

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.

Search FederalPay's Full PPP Loan Database

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/central-welding-supply-co-inc-marysville-wa