PPP Loan Data — Concrete Technology Corporation, Tacoma, WA
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
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.
Business Information - Concrete Technology Corporation in Tacoma, WA
1123 Port Of Tacoma Rd
Tacoma, WA 98421
Other Concrete Product Manufacturing (NAICS code 327390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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.
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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