PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Preferred Roofing LLC, Lynden, WA

SBA PPP loan data, payroll data, and salaries for Preferred Roofing LLC
WA

Preferred Roofing LLC

Entity: Limited Liability Company (LLC)

Industry: Roofing Contractors

Location: Lynden, WA

Search All PPP Data

Preferred Roofing LLC is a limited liability company (LLC) located at 8825 Benson Rd in Lynden, Washington that received a Coronavirus-related PPP loan from the SBA of $8,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$8,000

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-14

Lender:

WHATCOM EDUCATIONAL CU

Preferred Roofing LLC received a Paycheck Protection Loan of $8,000 through WHATCOM EDUCATIONAL CU, which was approved in May, 2020.

Based on standard PPP eligibility rules, Preferred Roofing LLC's total 2019 payroll expenses were approximately $38,400 in order to qualify for the PPP loan amount received.

Unlike most businesses, Preferred Roofing LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Preferred Roofing LLC in Lynden, WA

Preferred Roofing LLC
8825 Benson Rd
Lynden, WA 98264

Business Industry

Roofing Contractors (NAICS code 238160)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-01

Similar Companies near Lynden

In the Lynden area, 7 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 0) and received an average PPP loan of $999,574 (compared to this company's $8,000).

Industry PPP Comparison Statistics

Nationwide, 13,327 businesses in the "Roofing Contractors" industry received a total of $1,896,438,811.00 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 12 employees, and received an average PPP loan of $142,301, 1679% higher than this company's loan of $8,000.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/preferred-roofing-llc-lynden-wa