PPP Loan Data — Society Of Photo-Optical Instrumentation Engineers, Bellingham, WA
Society Of Photo-Optical Instrumentation Engineers is a non-profit organization located at 1000 20th St in Bellingham, Washington that received a Coronavirus-related PPP loan from the SBA of $2,956,260.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Society Of Photo-Optical Instrumentation Engineers received a Paycheck Protection Loan of $2.96M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Society Of Photo-Optical Instrumentation Engineers' total 2019 payroll expenses were approximately $14.19M in order to qualify for the PPP loan amount received.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $72,769 per employee1.
Business Information - Society Of Photo-Optical Instrumentation Engineers in Bellingham, WA
1000 20th St
Bellingham, WA 98225
Professional Organizations (NAICS code 813920)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-02
Similar Companies near Bellingham
In the Bellingham area, 4 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 195) and received an average PPP loan of $753,947 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Whatcom Literacy Council
SST, USA, Inc
Organized At Last
Industry PPP Comparison Statistics
Nationwide, 5,854 businesses in the "Professional Organizations" industry received a total of $547,492,722.00 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 7 employees, 96% lower than Society Of Photo-Optical Instrumentation Engineers' reported 195 employees, and received an average PPP loan of $93,525, 97% lower than this company's loan of $2.96M.
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.
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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