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PPP Loan Data — Skills Inc, Auburn, WA

SBA PPP loan data, payroll data, and salaries for Skills Inc
WA Nonprofit Organization

Skills Inc

Entity: Non-profit Organization

Industry: Vocational Rehabilitation Services

Location: Auburn, WA

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Skills Inc is a non-profit organization located at 715 30th Street Ne in Auburn, Washington that received a Coronavirus-related PPP loan from the SBA of $6,184,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.18M

Jobs Retained:

420

Loan Approved:

2020-04-14

Lender:

UMPQUA BANK

Skills Inc in Auburn, WA received a Paycheck Protection Loan of $6.18M through UMPQUA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Skills Inc's total 2019 payroll expenses were approximately $29.68M in order to qualify for the PPP loan amount received.

Based on their reported 420 jobs retained, this equals an estimated average yearly compensation of $70,677 per employee1.

Because the loan received by Skills Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Skills Inc in Auburn, WA

Skills Inc
715 30th Street Ne
Auburn, WA 98002

Business Industry

Vocational Rehabilitation Services (NAICS code 624310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-08

Similar Companies near Auburn

In the Auburn area, 2 businesses in the "Vocational Rehabilitation Services" industry received a PPP loan. These local businesses reported an average of 269 employees (compared to this company's 420) and received an average PPP loan of $4,106,638 (compared to this company's $6.18M).

Similar Nearby Businesses Who Received PPP Funding:

Strategic Consulting Services Inc
Federal Way, WA

$2.03M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,261 businesses in the "Vocational Rehabilitation Services" industry received a total of $613,000,241.00 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 35 employees, 92% lower than Skills Inc's reported 420 employees, and received an average PPP loan of $271,119, 96% lower than this company's loan of $6.18M.

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, and is published unmodified, as provided by the SBA.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/skills-inc-auburn-wa