PPP Loan Data — Scholten Roofing, Inc., Lynden, WA
Scholten Roofing, Inc. is a corporation located at 7157 Guide Meridian Rd in Lynden, Washington that received a Coronavirus-related PPP loan from the SBA of $367,917.00 in April, 2020.
$ PPP Loan Information
Scholten Roofing, Inc. received a Paycheck Protection Loan of $367,917 through PEOPLES BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Scholten Roofing, Inc.'s total 2019 payroll expenses were approximately $1.77M in order to qualify for the PPP loan amount received.
Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $70,640 per employee1.
Business Information - Scholten Roofing, Inc. in Lynden, WA
7157 Guide Meridian Rd
Lynden, WA 98264
Roofing Contractors (NAICS code 238160)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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 25) and received an average PPP loan of $999,574 (compared to this company's $367,917).
Similar Nearby Businesses Who Received PPP Funding:
Hytech Roofing Inc
Preferred Roofing LLC
Axiom Construction & Consulting LLC
Alpine Siding LLC
Axiom - Division 7, Inc.
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, 52% lower than Scholten Roofing, Inc.'s reported 25 employees, and received an average PPP loan of $142,301, 61% lower than this company's loan of $367,917.
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. 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!