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PPP Loan Data — Central Welding Supply Co Inc.,
Marysville, 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:
Jobs Retained:
330Loan Approved:
2020-04-06Lender:
MOUNTAIN PACIFIC BANKCentral 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.
Business Information - Central Welding Supply Co Inc. in Marysville, WA
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-02Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Fatkid Machine LLC
Monroe, WA
Advantage Elevator Accessibility Systems Corporation
Marysville, WA
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.
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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