FederalPay.org
PPP Loan Data — Mutual Materials Company,
Bellevue, WA
Mutual Materials Company
Entity: Corporation
Industry: Concrete Block and Brick Manufacturing
Location: Bellevue, WA
Tweet This
•
Search All PPP Data
Mutual Materials Company is a corporation located at 605 119th Avenue Ne in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $6,250,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 453 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
453Loan Approved:
2020-04-11Lender:
ZIONS BANK, A DIVISION OFMutual Materials Company in Bellevue, WA received a Paycheck Protection Loan of $6.25M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mutual Materials Company's total 2019 payroll expenses were approximately $30M in order to qualify for the PPP loan amount received.
Based on their reported 453 jobs retained, this equals an estimated average yearly compensation of $66,225 per employee1.
Business Information - Mutual Materials Company in Bellevue, WA
605 119th Avenue Ne
Bellevue, WA 98005
Business Industry
Concrete Block and Brick Manufacturing (NAICS code 327331)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: WA-09Industry PPP Comparison Statistics
Nationwide, 360 businesses in the "Concrete Block and Brick Manufacturing" industry received a total of $108,298,175.00 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 23 employees, 95% lower than Mutual Materials Company's reported 453 employees, and received an average PPP loan of $300,828, 95% lower than this company's loan of $6.25M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!