PPP Loan Data — Christensen, Inc., Richland, WA
Entity: Subchapter S Corporation
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: Richland, WATweet This • Search All PPP Data
Christensen, Inc. is a subchapter s corporation located at 1060 Jadwin Ave Ste 150 in Richland, Washington that received a Coronavirus-related PPP loan from the SBA of $5,004,328.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Christensen, Inc. received a Paycheck Protection Loan of $5M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Christensen, Inc.'s total 2019 payroll expenses were approximately $24.02M in order to qualify for the PPP loan amount received.
Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $77,990 per employee1.
Business Information - Christensen, Inc. in Richland, WA
1060 Jadwin Ave Ste 150
Richland, WA 99352
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-04
Industry PPP Comparison Statistics
Nationwide, 2,382 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $553,390,948.00 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 18 employees, 94% lower than Christensen, Inc.'s reported 308 employees, and received an average PPP loan of $232,322, 95% lower than this company's loan of $5M.
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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