PPP Loan Data — Precision Countertops Inc., Wilsonville, OR
Precision Countertops Inc. is a corporation located at 26200 Sw 95th Ave in Wilsonville, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,186,800.00 in April, 2020.
$ PPP Loan Information
Precision Countertops Inc. received a Paycheck Protection Loan of $3.19M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Precision Countertops Inc.'s total 2019 payroll expenses were approximately $15.3M in order to qualify for the PPP loan amount received.
Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $56,865 per employee1.
Business Information - Precision Countertops Inc. in Wilsonville, OR
26200 Sw 95th Ave
Wilsonville, OR 97070
Wood Kitchen Cabinet and Countertop Manufacturing (NAICS code 337110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-05
Similar Companies near Wilsonville
In the Wilsonville area, 3 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 269) and received an average PPP loan of $1,141,143 (compared to this company's $3.19M).
Similar Nearby Businesses Who Received PPP Funding:
Carey's Custom Woodworking, Inc.
Precision Counter-Tech, Inc.
Industry PPP Comparison Statistics
Nationwide, 5,439 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a total of $649,251,122.00 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 11 employees, 96% lower than Precision Countertops Inc.'s reported 269 employees, and received an average PPP loan of $119,370, 96% 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, 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.
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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