PPP Loan Data — Pioneer Recycling Services LLC, Tacoma, WA
Pioneer Recycling Services LLC is a limited liability company (LLC) located at 4109 192nd St E in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $1,781,148.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Pioneer Recycling Services LLC in Tacoma, WA received a Paycheck Protection Loan of $1.78M through MUFG Union Bank, National Association, which was approved in April, 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, Pioneer Recycling Services LLC's 2019 payroll expenses are estimated to be at least $8.55M.
Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $71,845 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pioneer Recycling Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,781,148
Business Information - Pioneer Recycling Services LLC in Tacoma, WA
4109 192nd St E
Tacoma, WA 98446
All Other Miscellaneous Waste Management Services
NAICS code 562998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tacoma
In the Tacoma area, 2 businesses in the "All Other Miscellaneous Waste Management Services" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 119) and received an average PPP loan of $978,510 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Certified Cleaning Services Inc
Industry PPP Comparison Statistics
Nationwide, 3,075 businesses in the "All Other Miscellaneous Waste Management Services" industry received a total of $304.78M 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 10 employees, 92% lower than Pioneer Recycling Services LLC's reported 119 employees, and received an average PPP loan of $99,115, 94% lower than this company's loan of $1.78M.
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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