PPP Loan Data — Interlock Performance Group, Inc, Puyallup, WA
Interlock Performance Group, Inc
Location: Puyallup, WATweet This • Search All PPP Data
Interlock Performance Group, Inc is a corporation located at 11409 58th Ave E in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $2,030,318.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 161 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Interlock Performance Group, Inc in Puyallup, WA received a Paycheck Protection Loan of $2.03M through Glacier Bank, which was approved in April, 2020.
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, Interlock Performance Group, Inc's 2019 payroll expenses are estimated to be at least $9.75M.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $60,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, Interlock Performance Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,030,318
Business Information - Interlock Performance Group, Inc in Puyallup, WA
11409 58th Ave E
Puyallup, WA 98373
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Puyallup
In the Puyallup area, 26 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 161) and received an average PPP loan of $297,169 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
BCT Electrical Services, Inc
A Electric Connection Inc
AA American Electric,Inc
Current Electric Of Washington, LLC
Meridian Center Electric Inc
Garth Wane Technologies
Advanced Electric & Security Inc
Pacific Home Electric LLC
Richard C Reed Electric Inc
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B 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 11 employees, 93% lower than Interlock Performance Group, Inc's reported 161 employees, and received an average PPP loan of $142,494, 93% lower than this company's loan of $2.03M.
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