PPP Loan Data — Incyte Pathology Ps, Spokane Valley, WA
Incyte Pathology Ps is a partnership located at 13103 E Mansfield Ave in Spokane Valley, Washington that received a Coronavirus-related PPP loan from the SBA of $5,110,500.00 in April, 2020.
$ PPP Loan Information
Incyte Pathology Ps received a Paycheck Protection Loan of $5.11M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Incyte Pathology Ps' total 2019 payroll expenses were approximately $24.53M in order to qualify for the PPP loan amount received.
Based on their reported 373 jobs retained, this equals an estimated average yearly compensation of $65,765 per employee1.
Business Information - Incyte Pathology Ps in Spokane Valley, WA
13103 E Mansfield Ave
Spokane Valley, WA 99216
Medical Laboratories (NAICS code 621511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-05
Similar Companies near Spokane Valley
In the Spokane Valley area, 2 businesses in the "Medical Laboratories" industry received a PPP loan. These local businesses reported an average of 240 employees (compared to this company's 373) and received an average PPP loan of $3,163,750 (compared to this company's $5.11M).
Similar Nearby Businesses Who Received PPP Funding:
Pinnacle Pain Center Ps
Spokane Valley, WA
Industry PPP Comparison Statistics
Nationwide, 3,529 businesses in the "Medical Laboratories" industry received a total of $652,578,027.00 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 15 employees, 96% lower than Incyte Pathology Ps' reported 373 employees, and received an average PPP loan of $184,919, 96% lower than this company's loan of $5.11M.
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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