PPP Loan Data — Shea Carr, Jewell, Inc, Olympia, WA
Shea Carr, Jewell, Inc is a corporation located at 8730 Tallon Lane Ne, Suite 200 in Olympia, Washington that received a Coronavirus-related PPP loan from the SBA of $1,827,660.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 114 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Shea Carr, Jewell, Inc in Olympia, WA received a Paycheck Protection Loan of $1.83M through KeyBank National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Shea Carr, Jewell, Inc's 2019 payroll expenses are estimated to be at least $8.77M.
Based on their reported 114 jobs retained, this equals an estimated average yearly compensation of $76,954 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shea Carr, Jewell, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,827,660
Business Information - Shea Carr, Jewell, Inc in Olympia, WA
8730 Tallon Lane Ne, Suite 200
Olympia, WA 98516
NAICS code 541330
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Olympia
In the Olympia area, 3 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 114) and received an average PPP loan of $839,113 (compared to this company's $1.83M).
Similar Nearby Businesses Who Received PPP Funding:
All American Geotechnical, Inc
Exeltech Consulting, Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 89% lower than Shea Carr, Jewell, Inc's reported 114 employees, and received an average PPP loan of $194,873, 89% lower than this company's loan of $1.83M.
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Footnotes & Information
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