PPP Loan Data — D&L Holdco, Moses Lake, WA
D&L Holdco is a corporation located at 12970 Road Ne in Moses Lake, Washington that received a Coronavirus-related PPP loan from the SBA of $1,800,000.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least 171 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
D&L Holdco in Moses Lake, WA received a Paycheck Protection Loan of $1.8M through U.S. Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, D&L Holdco's 2019 payroll expenses are estimated to be at least $8.64M.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $50,526 per employee1
Reported PPP Proceed Usage:
On the PPP application, D&L Holdco reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,800,000
Business Information - D&L Holdco in Moses Lake, WA
12970 Road Ne
Moses Lake, WA 98837
NAICS code 331511
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 305 businesses in the "Iron Foundries" industry received a total of $172.8M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 48 employees, 72% lower than D&L Holdco's reported 171 employees, and received an average PPP loan of $566,545, 69% lower than this company's loan of $1.8M.
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Footnotes & Information
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