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PPP Loan Data — Commencement Bay Corrugated, Inc., Orting, WA

SBA PPP loan data, payroll data, and salaries for Commencement Bay Corrugated, Inc.
WA

Commencement Bay Corrugated, Inc.

Entity: Corporation

Industry: Corrugated and Solid Fiber Box Manufacturing

Location: Orting, WA

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Commencement Bay Corrugated, Inc. is a corporation located at 13414 142nd Ave E in Orting, Washington that received a Coronavirus-related PPP loan from the SBA of $2,562,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.56M

Jobs Retained:

167

Loan Approved:

2020-04-11

Lender:

KEYBANK NATIONAL ASSOCIATION

Commencement Bay Corrugated, Inc. received a Paycheck Protection Loan of $2.56M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Commencement Bay Corrugated, Inc.'s total 2019 payroll expenses were approximately $12.3M in order to qualify for the PPP loan amount received.

Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $73,653 per employee1.

Because the loan received by Commencement Bay Corrugated, 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 - Commencement Bay Corrugated, Inc. in Orting, WA

Commencement Bay Corrugated, Inc.
13414 142nd Ave E
Orting, WA 98360

Business Industry

Corrugated and Solid Fiber Box Manufacturing (NAICS code 322211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-08

Industry PPP Comparison Statistics

Nationwide, 520 businesses in the "Corrugated and Solid Fiber Box Manufacturing" industry received a total of $288,157,321.00 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 43 employees, 74% lower than Commencement Bay Corrugated, Inc.'s reported 167 employees, and received an average PPP loan of $554,149, 78% lower than this company's loan of $2.56M.

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.

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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/commencement-bay-corrugated-inc-orting-wa