PPP Loan Data — Mascott Equipment Company, Inc, Portland, OR
Mascott Equipment Company, Inc
Entity: Subchapter S Corporation
Location: Portland, ORTweet This • Search All PPP Data
Mascott Equipment Company, Inc is a subchapter s corporation located at 435 Ne Hancock St in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,784,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Mascott Equipment Company, Inc in Portland, OR received a Paycheck Protection Loan of $1.78M through KeyBank National Association, 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, Mascott Equipment Company, Inc's 2019 payroll expenses are estimated to be at least $8.57M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $80,821 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mascott Equipment Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,784,800
Business Information - Mascott Equipment Company, Inc in Portland, OR
435 Ne Hancock St
Portland, OR 97212
Motor Vehicle Supplies and New Parts Merchant Wholesalers
NAICS code 423120
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 4 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 106) and received an average PPP loan of $545,865 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Aluminum Head Rebuilders, Inc
FPA Portland Inc
Exchange Industries Corp
Industry PPP Comparison Statistics
Nationwide, 5,778 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $789.24M 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 14 employees, 87% lower than Mascott Equipment Company, Inc's reported 106 employees, and received an average PPP loan of $136,595, 92% lower than this company's loan of $1.78M.
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Footnotes & Information
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