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PPP Loan Data — Entek International LLC, Lebanon, OR

SBA PPP loan data, payroll data, and salaries for Entek International LLC
OR

Entek International LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Plastics Product Manufacturing

Location: Lebanon, OR

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Entek International LLC is a limited liability company (LLC) located at 250 Hansard Ave in Lebanon, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,716,152.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 242 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.72M

Jobs Retained:

242

Loan Approved:

2020-04-13

Lender:

CIBC BANK USA

Entek International LLC in Lebanon, OR received a Paycheck Protection Loan of $3.72M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Entek International LLC's total 2019 payroll expenses were approximately $17.84M in order to qualify for the PPP loan amount received.

Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $73,709 per employee1.

Because the loan received by Entek International LLC 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 - Entek International LLC in Lebanon, OR

Entek International LLC
250 Hansard Ave
Lebanon, OR 97355

Business Industry

All Other Plastics Product Manufacturing (NAICS code 326199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: OR-04

Similar Companies near Lebanon

In the Lebanon area, 5 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 242) and received an average PPP loan of $1,355,050 (compared to this company's $3.72M).

Industry PPP Comparison Statistics

Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 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 33 employees, 86% lower than Entek International LLC's reported 242 employees, and received an average PPP loan of $385,889, 90% lower than this company's loan of $3.72M.

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.

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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/entek-international-llc-lebanon-or