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PPP Loan Data — Tacoma Screw Products, Inc., Tacoma, WA

SBA PPP loan data, payroll data, and salaries for Tacoma Screw Products, Inc.
WA

Tacoma Screw Products, Inc.

Entity: Subchapter S Corporation

Industry: Hardware Merchant Wholesalers

Location: Tacoma, WA

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Tacoma Screw Products, Inc. is a subchapter s corporation located at 2001 Center St in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $4,023,097.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.02M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-12

Lender:

HERITAGE BANK

Tacoma Screw Products, Inc. in Tacoma, WA received a Paycheck Protection Loan of $4.02M through HERITAGE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Tacoma Screw Products, Inc.'s total 2019 payroll expenses were approximately $19.31M in order to qualify for the PPP loan amount received.

Unlike most businesses, Tacoma Screw Products, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Tacoma Screw Products, 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 - Tacoma Screw Products, Inc. in Tacoma, WA

Tacoma Screw Products, Inc.
2001 Center St
Tacoma, WA 98409

Business Industry

Hardware Merchant Wholesalers (NAICS code 423710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-06

Industry PPP Comparison Statistics

Nationwide, 2,045 businesses in the "Hardware Merchant Wholesalers" industry received a total of $397,496,067.00 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 15 employees, and received an average PPP loan of $194,375, 95% lower than this company's loan of $4.02M.

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.

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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/tacoma-screw-products-inc-tacoma-wa