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PPP Loan Data — Intermountain Wood Products Inc, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Intermountain Wood Products Inc
UT

Intermountain Wood Products Inc

Entity: Corporation

Industry: Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Location: Salt Lake City, UT

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Intermountain Wood Products Inc is a corporation located at 1948 South West Temple in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,443,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 205 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

205

Loan Approved:

2020-04-28

Lender:

LEGACY BANK

Intermountain Wood Products Inc received a Paycheck Protection Loan of $2.44M through LEGACY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Intermountain Wood Products Inc's total 2019 payroll expenses were approximately $11.73M in order to qualify for the PPP loan amount received.

Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $57,221 per employee1.

Because the loan received by Intermountain Wood Products Inc 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 - Intermountain Wood Products Inc in Salt Lake City, UT

Intermountain Wood Products Inc
1948 South West Temple
Salt Lake City, UT 84115

Business Industry

Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: UT-02

Similar Companies near Salt Lake City

In the Salt Lake City area, 3 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 205) and received an average PPP loan of $1,010,395 (compared to this company's $2.44M).

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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 17 employees, 92% lower than Intermountain Wood Products Inc's reported 205 employees, and received an average PPP loan of $225,451, 91% lower than this company's loan of $2.44M.

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.

Search FederalPay's Full PPP Loan Database

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/intermountain-wood-products-inc-salt-lake-city-ut