PPP Loan Data — Sonderen Packaging Inc, Spokane, WA
Sonderen Packaging Inc is a subchapter s corporation located at 2906 N Crestline St in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $1,625,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Trust Bank
Sonderen Packaging Inc in Spokane, WA received a Paycheck Protection Loan of $1.63M through Washington Trust Bank, 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, Sonderen Packaging Inc's 2019 payroll expenses are estimated to be at least $7.8M.
Based on their reported 128 jobs retained, this equals an estimated average yearly compensation of $60,945 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sonderen Packaging Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,625,200
Business Information - Sonderen Packaging Inc in Spokane, WA
2906 N Crestline St
Spokane, WA 99207
Folding Paperboard Box Manufacturing
NAICS code 322212
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 244 businesses in the "Folding Paperboard Box Manufacturing" industry received a total of $145.9M 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 51 employees, 60% lower than Sonderen Packaging Inc's reported 128 employees, and received an average PPP loan of $597,971, 63% lower than this company's loan of $1.63M.
FederalPay's PPP Information Policy
Footnotes & Information
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