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PPP Loan Data — Concrete Technology Corporation, Tacoma, WA

SBA PPP loan data, payroll data, and salaries for Concrete Technology Corporation
WA

Concrete Technology Corporation

Entity: Corporation

Industry: Other Concrete Product Manufacturing

Location: Tacoma, WA

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Concrete Technology Corporation is a corporation located at 1123 Port Of Tacoma Rd in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $3,190,132.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 208 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.19M

Jobs Retained:

208

Loan Approved:

2020-04-12

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Concrete Technology Corporation in Tacoma, WA received a Paycheck Protection Loan of $3.19M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Concrete Technology Corporation's total 2019 payroll expenses were approximately $15.31M in order to qualify for the PPP loan amount received.

Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $73,618 per employee1.

Because the loan received by Concrete Technology Corporation 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 - Concrete Technology Corporation in Tacoma, WA

Concrete Technology Corporation
1123 Port Of Tacoma Rd
Tacoma, WA 98421

Business Industry

Other Concrete Product Manufacturing (NAICS code 327390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WA-09

Industry PPP Comparison Statistics

Nationwide, 1,005 businesses in the "Other Concrete Product Manufacturing" industry received a total of $284,964,400.00 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 22 employees, 89% lower than Concrete Technology Corporation's reported 208 employees, and received an average PPP loan of $283,547, 91% lower than this company's loan of $3.19M.

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, 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/concrete-technology-corporation-tacoma-wa