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PPP Loan Data — Lampson International, LLC,
Kennewick, WA
Lampson International, LLC
Entity: Limited Liability Company (LLC)
Industry: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
Location: Kennewick, WA
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Lampson International, LLC is a limited liability company (LLC) located at 607 E Columbia Dr in Kennewick, Washington that received a Coronavirus-related PPP loan from the SBA of $2,953,513.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
173Loan Approved:
2020-04-13Lender:
KEYBANK NATIONAL ASSOCIATIONLampson International, LLC in Kennewick, WA received a Paycheck Protection Loan of $2.95M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lampson International, LLC's total 2019 payroll expenses were approximately $14.18M in order to qualify for the PPP loan amount received.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $81,947 per employee1.
Business Information - Lampson International, LLC in Kennewick, WA
607 E Columbia Dr
Kennewick, WA 99336
Business Industry
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (NAICS code 532412)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: WA-04Industry PPP Comparison Statistics
Nationwide, 1,846 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $463,210,891.00 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 16 employees, 91% lower than Lampson International, LLC's reported 173 employees, and received an average PPP loan of $250,927, 92% lower than this company's loan of $2.95M.
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, 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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