PPP Loan Data — Keith Manufacturing Company, Madras, OR
Keith Manufacturing Company
Entity: Sole Proprietorship
Location: Madras, ORTweet This • Search All PPP Data
Keith Manufacturing Company is a sole proprietorship located at 401 Nw Adler St in Madras, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,752,342.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Keith Manufacturing Company in Madras, OR received a Paycheck Protection Loan of $2.75M through Bank of the West, which was approved in May, 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, Keith Manufacturing Company's 2019 payroll expenses are estimated to be at least $13.21M.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $61,163 per employee1
Reported PPP Proceed Usage:
On the PPP application, Keith Manufacturing Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,752,342
Business Information - Keith Manufacturing Company in Madras, OR
401 Nw Adler St
Madras, OR 97741
Industrial Machinery and Equipment Merchant Wholesalers
NAICS code 423830
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Madras
In the Madras area, 2 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 216) and received an average PPP loan of $1,378,254 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
D&B Grinding Inc
Industry PPP Comparison Statistics
Nationwide, 11,076 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $2.24B 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 15 employees, 93% lower than Keith Manufacturing Company's reported 216 employees, and received an average PPP loan of $202,534, 93% lower than this company's loan of $2.75M.
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