PPP Loan Data — Precision Aerospace Products, LLC, Kent, WA
Precision Aerospace Products, LLC is a limited liability company (LLC) located at 5802 S 228th St in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $2,564,423.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Precision Aerospace Products, LLC in Kent, WA received a Paycheck Protection Loan of $2.56M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Precision Aerospace Products, LLC's total 2019 payroll expenses were approximately $12.31M in order to qualify for the PPP loan amount received.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $98,474 per employee1.
Business Information - Precision Aerospace Products, LLC in Kent, WA
5802 S 228th St
Kent, WA 98035
Aircraft Engine and Engine Parts Manufacturing (NAICS code 336412)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-09
Industry PPP Comparison Statistics
Nationwide, 449 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a total of $220,243,418.00 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 32 employees, 74% lower than Precision Aerospace Products, LLC's reported 125 employees, and received an average PPP loan of $490,520, 81% lower than this company's loan of $2.56M.
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Footnotes & Information
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