PPP Loan Data — Mitchell, Lewis & Staver Co., Wilsonville, OR
Mitchell, Lewis & Staver Co.
Entity: Subchapter S Corporation
Location: Wilsonville, ORTweet This • Search All PPP Data
Mitchell, Lewis & Staver Co. is a subchapter s corporation located at 9935 Sw Commerce Circle in Wilsonville, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,960,134.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Mitchell, Lewis & Staver Co. in Wilsonville, OR received a Paycheck Protection Loan of $2.96M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mitchell, Lewis & Staver Co.'s total 2019 payroll expenses were approximately $14.21M in order to qualify for the PPP loan amount received.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $91,669 per employee1.
Business Information - Mitchell, Lewis & Staver Co. in Wilsonville, OR
9935 Sw Commerce Circle
Wilsonville, OR 97070
Other Miscellaneous Durable Goods Merchant Wholesalers (NAICS code 423990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-01
Industry PPP Comparison Statistics
Nationwide, 12,909 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1,253,322,545.00 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 8 employees, 95% lower than Mitchell, Lewis & Staver Co.'s reported 155 employees, and received an average PPP loan of $97,089, 97% lower than this company's loan of $2.96M.
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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