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PPP Loan Data — Hytech Roofing Inc, Lynden, WA

SBA PPP loan data, payroll data, and salaries for Hytech Roofing Inc
WA

Hytech Roofing Inc

Entity: Corporation

Industry: Roofing Contractors

Location: Lynden, WA

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Hytech Roofing Inc is a corporation located at 7381 Guide Meridian Rd in Lynden, Washington that received a Coronavirus-related PPP loan from the SBA of $536,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 38 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$536,000

Jobs Retained:

38

Loan Approved:

2020-04-11

Lender:

PEOPLES BANK

Hytech Roofing Inc received a Paycheck Protection Loan of $536,000 through PEOPLES BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hytech Roofing Inc's total 2019 payroll expenses were approximately $2.57M in order to qualify for the PPP loan amount received.

Based on their reported 38 jobs retained, this equals an estimated average yearly compensation of $67,705 per employee1.

Business Information - Hytech Roofing Inc in Lynden, WA

Hytech Roofing Inc
7381 Guide Meridian Rd
Lynden, WA 98264

Business Industry

Roofing Contractors (NAICS code 238160)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WA-01

Similar Companies near Lynden

In the Lynden area, 7 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 38) and received an average PPP loan of $999,574 (compared to this company's $536,000).

Industry PPP Comparison Statistics

Nationwide, 13,327 businesses in the "Roofing Contractors" industry received a total of $1,896,438,811.00 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 12 employees, 68% lower than Hytech Roofing Inc's reported 38 employees, and received an average PPP loan of $142,301, 73% lower than this company's loan of $536,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/hytech-roofing-inc-lynden-wa