PPP Loan Data — Northwest Linings & Geotextile Products, Inc, Kent, WA
Northwest Linings & Geotextile Products, Inc is a corporation located at 20824 77th Ave South in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $1,655,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
Northwest Linings & Geotextile Products, Inc in Kent, WA received a Paycheck Protection Loan of $1.66M 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 December, 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, Northwest Linings & Geotextile Products, Inc's 2019 payroll expenses are estimated to be at least $7.94M.
Based on their reported 92 jobs retained, this equals an estimated average yearly compensation of $86,353 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northwest Linings & Geotextile Products, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,655,100
Business Information - Northwest Linings & Geotextile Products, Inc in Kent, WA
20824 77th Ave South
Kent, WA 98032
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Kent
In the Kent area, 30 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 92) and received an average PPP loan of $468,103 (compared to this company's $1.66M).
Similar Nearby Businesses Who Received PPP Funding:
Gate Technologies LLC
Complete Office Installation LLC
Rustco Construction Inc
Signature Asphalt Svcs LLC
Rainier Garage Door, LLC
All Stripes LLC
Cascade Alarm LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 91% lower than Northwest Linings & Geotextile Products, Inc's reported 92 employees, and received an average PPP loan of $86,076, 95% lower than this company's loan of $1.66M.
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Footnotes & Information
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