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PPP Loan Data — Orion Industries,
Auburn, WA
Orion Industries
Entity: Non-profit Organization
Industry: Sheet Metal Work Manufacturing
Location: Auburn, WA
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Orion Industries is a non-profit organization located at 1590 A St Ne in Auburn, Washington that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male owned non-profit, and employed at least 198 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6053578401
Loan Size:
Jobs Retained:
198Loan Approved:
2021-02-10Loan Status:
Paid in Full or ForgivenLender:
Umpqua BankOrion Industries in Auburn, WA received a Paycheck Protection Loan of $2M through Umpqua Bank, which was approved in February, 2021.
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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Orion Industries' 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $48,485 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orion Industries reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Orion Industries in Auburn, WA
1590 A St Ne
Auburn, WA 98002
Business Industry:
Sheet Metal Work Manufacturing
NAICS code 332322
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Auburn
In the Auburn area, 10 businesses in the "Sheet Metal Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 198) and received an average PPP loan of $497,110 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Accu Duct Manufacturing Inc
Algona, WA
West Coast Fabrication
Auburn, WA
Steeltec Supply Inc
Auburn, WA
Accu Duct Manufacturing, Inc
Auburn, WA
Sondon Inc
Auburn, WA
Nu-Ray Metal Products, Inc. Fka Bankers Construction, Inc
Auburn, WA
Arrow Manufacturing, Inc
Auburn, WA
Premetco Inc
Auburn, WA
Industry PPP Comparison Statistics
Nationwide, 4,292 businesses in the "Sheet Metal Work Manufacturing" industry received a total of $1.15B 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 23 employees, 88% lower than Orion Industries' reported 198 employees, and received an average PPP loan of $267,786, 87% lower than this company's loan of $2M.
Orion Industries
Entity: Non-profit Organization
Industry: Apprenticeship Training
Location: Auburn, WA
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Orion Industries is a non-profit organization located at 1590 A St Ne in Auburn, Washington that received a Coronavirus-related PPP loan from the SBA of $4,222,900.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 341 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7370767107
Loan Size:
Jobs Retained:
341Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Umpqua BankOrion Industries in Auburn, WA received a Paycheck Protection Loan of $4.22M through Umpqua 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Orion Industries' 2019 payroll expenses are estimated to be at least $20.27M.
Based on their reported 341 jobs retained, this equals an estimated average yearly compensation of $59,443 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orion Industries reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,222,900
Business Information - Orion Industries in Auburn, WA
1590 A St Ne
Auburn, WA 98002
Business Industry:
Apprenticeship Training
NAICS code 611513
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 674 businesses in the "Apprenticeship Training" industry received a total of $74.7M 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 12 employees, 96% lower than Orion Industries' reported 341 employees, and received an average PPP loan of $110,824, 97% lower than this company's loan of $4.22M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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