PPP Loan Data — Irwin Research & Development Inc, Yakima, WA
Irwin Research & Development Inc
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: Yakima, WATweet This • Search All PPP Data
Irwin Research & Development Inc is a corporation located at 607 N 52nd Ave in Yakima, Washington that received a Coronavirus-related PPP loan from the SBA of $1,700,540.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Idaho First Bank
Irwin Research & Development Inc in Yakima, WA received a Paycheck Protection Loan of $1.7M through Idaho First 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, Irwin Research & Development Inc's 2019 payroll expenses are estimated to be at least $8.16M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $54,417 per employee1
Reported PPP Proceed Usage:
On the PPP application, Irwin Research & Development Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,700,540
Business Information - Irwin Research & Development Inc in Yakima, WA
607 N 52nd Ave
Yakima, WA 98908
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
NAICS code 541715
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
Industry PPP Comparison Statistics
Nationwide, 4,934 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $828.3M 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 Irwin Research & Development Inc's reported 150 employees, and received an average PPP loan of $167,876, 90% lower than this company's loan of $1.7M.
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Footnotes & Information
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