PPP Loan Data — N. A. Degerstrom, Inc, Spokane Valley, WA
N. A. Degerstrom, Inc is a subchapter s corporation located at 3303 N Sullivan Rd in Spokane Valley, Washington that received a Coronavirus-related PPP loan from the SBA of $8,934,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
N. A. Degerstrom, Inc in Spokane Valley, WA received a Paycheck Protection Loan of $8.93M through Washington Trust Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
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, N. A. Degerstrom, Inc's 2019 payroll expenses are estimated to be at least $42.88M.
Based on their reported 433 jobs retained, this equals an estimated average yearly compensation of $99,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, N. A. Degerstrom, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,934,200
Business Information - N. A. Degerstrom, Inc in Spokane Valley, WA
3303 N Sullivan Rd
Spokane Valley, WA 99216
Gold Ore Mining
NAICS code 212221
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 132 businesses in the "Gold Ore Mining" industry received a total of $32.37M 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, 97% lower than N. A. Degerstrom, Inc's reported 433 employees, and received an average PPP loan of $245,244, 97% lower than this company's loan of $8.93M.
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Footnotes & Information
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