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

PPP Loan Data — Prism Marketing Corporation, Vancouver, WA

ALERT: There are 2 PPP loans for a total of $29,090 in our database for businesses with the name "Prism Marketing Corporation" in Vancouver, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Prism Marketing Corporation
WA

Prism Marketing Corporation

Entity: Corporation

Industry: Marketing Consulting Services

Location: Vancouver, WA

Search All PPP Data

Prism Marketing Corporation is a corporation located at 10914 Ne 39th St Ste B2 in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $15,235.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #7266408405

Loan Size:

$15,235

Jobs Retained:

2

Loan Approved:

2021-02-11

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Prism Marketing Corporation in Vancouver, WA received a Paycheck Protection Loan of $15,235 through Loan Source Incorporated, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Prism Marketing Corporation's 2019 payroll expenses are estimated to be at least $73,128.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $36,564 per employee1

Reported PPP Proceed Usage:

On the PPP application, Prism Marketing Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $15,231
  • Utilities: $1

Business Information - Prism Marketing Corporation in Vancouver, WA

Prism Marketing Corporation
10914 Ne 39th St Ste B2
Vancouver, WA 98682

Business Industry:
Marketing Consulting Services
NAICS code 541613

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Clark County, WA — SBA Office 1086 — Congressional District: WA-03

Similar Companies near Vancouver

In the Vancouver area, 17 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $24,068 (compared to this company's $15,235).

Industry PPP Comparison Statistics

Nationwide, 83,342 businesses in the "Marketing Consulting Services" industry received a total of $3.38B 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 3 employees, 50% higher than Prism Marketing Corporation's reported 2 employees, and received an average PPP loan of $40,513, 166% higher than this company's loan of $15,235.

SBA PPP loan data, payroll data, and salaries for Prism Marketing Corporation
WA

Prism Marketing Corporation

Entity: Corporation

Industry: Marketing Consulting Services

Location: Vancouver, WA

Search All PPP Data

Prism Marketing Corporation is a corporation located at 10914 Ne 39th Street, Suite B-2 in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $13,855.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #4706277201

Loan Size:

$13,855

Jobs Retained:

2

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Prism Marketing Corporation in Vancouver, WA received a Paycheck Protection Loan of $13,855 through Loan Source Incorporated, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Prism Marketing Corporation's 2019 payroll expenses are estimated to be at least $66,504.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $33,252 per employee1

Reported PPP Proceed Usage:

On the PPP application, Prism Marketing Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,000
  • Utilities: $855
  • Rent: $1,000

Business Information - Prism Marketing Corporation in Vancouver, WA

Prism Marketing Corporation
10914 Ne 39th Street, Suite B-2
Vancouver, WA 98682

Business Industry:
Marketing Consulting Services
NAICS code 541613

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Clark County, WA — SBA Office 1086 — Congressional District: WA-03

Similar Companies near Vancouver

In the Vancouver area, 17 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $24,068 (compared to this company's $13,855).

Industry PPP Comparison Statistics

Nationwide, 83,342 businesses in the "Marketing Consulting Services" industry received a total of $3.38B 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 3 employees, 50% higher than Prism Marketing Corporation's reported 2 employees, and received an average PPP loan of $40,513, 192% higher than this company's loan of $13,855.

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. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/prism-marketing-corporation-vancouver-wa