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PPP Loan Data — Pacific Fibre Products, Inc. And Subsidi, Longview, WA

SBA PPP loan data, payroll data, and salaries for Pacific Fibre Products, Inc. And Subsidi
WA

Pacific Fibre Products, Inc. And Subsidi

Entity: Subchapter S Corporation

Industry: Logging

Location: Longview, WA

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Pacific Fibre Products, Inc. And Subsidi is a subchapter s corporation located at 20 Fibre Way in Longview, Washington that received a Coronavirus-related PPP loan from the SBA of $3,192,122.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.19M

Jobs Retained:

206

Loan Approved:

2020-04-15

Lender:

COLUMBIA STATE BANK

Pacific Fibre Products, Inc. And Subsidi in Longview, WA received a Paycheck Protection Loan of $3.19M through COLUMBIA STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pacific Fibre Products, Inc. And Subsidi's total 2019 payroll expenses were approximately $15.32M in order to qualify for the PPP loan amount received.

Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $74,380 per employee1.

Because the loan received by Pacific Fibre Products, Inc. And Subsidi is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Pacific Fibre Products, Inc. And Subsidi in Longview, WA

Pacific Fibre Products, Inc. And Subsidi
20 Fibre Way
Longview, WA 98632

Business Industry

Logging (NAICS code 113310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-03

Similar Companies near Longview

In the Longview area, 2 businesses in the "Logging" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 206) and received an average PPP loan of $1,606,482 (compared to this company's $3.19M).

Similar Nearby Businesses Who Received PPP Funding:

Mark III Logging, Inc
Longview, WA

$20,841 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,520 businesses in the "Logging" industry received a total of $397,584,679.00 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 7 employees, 97% lower than Pacific Fibre Products, Inc. And Subsidi's reported 206 employees, and received an average PPP loan of $72,026, 98% lower than this company's loan of $3.19M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pacific-fibre-products-inc-and-subsidi-longview-wa