PPP Loan Data — Corliss Resources Inc, Lake Tapps, WA
Corliss Resources Inc is a corporation located at 3106 Sumner Tapps Hwy E Ste A in Lake Tapps, Washington that received a Coronavirus-related PPP loan from the SBA of $3,632,805.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Corliss Resources Inc received a Paycheck Protection Loan of $3.63M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Corliss Resources Inc's total 2019 payroll expenses were approximately $17.44M in order to qualify for the PPP loan amount received.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $78,903 per employee1.
Business Information - Corliss Resources Inc in Lake Tapps, WA
3106 Sumner Tapps Hwy E Ste A
Lake Tapps, WA 98391
Flooring Contractors (NAICS code 238330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-08
Similar Companies near Lake Tapps
In the Lake Tapps area, 3 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 221) and received an average PPP loan of $1,225,598 (compared to this company's $3.63M).
Similar Nearby Businesses Who Received PPP Funding:
Specialized Coatings And Linings LLC
Bonney Lake, WA
Gorilla Floors, Inc
Bonney Lake, WA
Industry PPP Comparison Statistics
Nationwide, 11,459 businesses in the "Flooring Contractors" industry received a total of $864,656,941.00 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 6 employees, 97% lower than Corliss Resources Inc's reported 221 employees, and received an average PPP loan of $75,457, 98% lower than this company's loan of $3.63M.
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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