PPP Loan Data — Snyder Roofing & Sheet Metal, Inc., Portland, OR
Snyder Roofing & Sheet Metal, Inc. is a subchapter s corporation located at Po Box 23819 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $8,114,400.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Snyder Roofing & Sheet Metal, Inc. received a Paycheck Protection Loan of $8.11M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 380 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 389.
Based on standard PPP eligibility rules, Snyder Roofing & Sheet Metal, Inc.'s total 2019 payroll expenses were approximately $38.95M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 380 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Snyder Roofing & Sheet Metal, Inc. in Portland, OR
Po Box 23819
Portland, OR 97281
Roofing Contractors (NAICS code 238160)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-01
Similar Companies near Portland
In the Portland area, 3 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 380) and received an average PPP loan of $2,799,519 (compared to this company's $8.11M).
Similar Nearby Businesses Who Received PPP Funding:
All Surface Roofing And Maintenance, LLC
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, 97% lower than Snyder Roofing & Sheet Metal, Inc.'s reported 380 employees, and received an average PPP loan of $142,301, 98% lower than this company's loan of $8.11M.
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Footnotes & Information
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