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PPP Loan Data — Taylor Shellfish Company. Inc.,
Shelton, WA
Taylor Shellfish Company. Inc.
Entity: Corporation
Industry: Seafood Product Preparation and Packaging
Location: Shelton, WA
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Taylor Shellfish Company. Inc. is a corporation located at 130 Se Lynch Rd in Shelton, Washington that received a Coronavirus-related PPP loan from the SBA of $5,408,086.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
486Loan Approved:
2020-04-13Lender:
KEYBANK NATIONAL ASSOCIATIONTaylor Shellfish Company. Inc. received a Paycheck Protection Loan of $5.41M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Taylor Shellfish Company. Inc.'s total 2019 payroll expenses were approximately $25.96M in order to qualify for the PPP loan amount received.
Based on their reported 486 jobs retained, this equals an estimated average yearly compensation of $53,413 per employee1.
Business Information - Taylor Shellfish Company. Inc. in Shelton, WA
130 Se Lynch Rd
Shelton, WA 98584
Business Industry
Seafood Product Preparation and Packaging (NAICS code 311710)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: WA-10Similar Companies near Shelton
In the Shelton area, 2 businesses in the "Seafood Product Preparation and Packaging" industry received a PPP loan. These local businesses reported an average of 245 employees (compared to this company's 486) and received an average PPP loan of $2,711,643 (compared to this company's $5.41M).
Similar Nearby Businesses Who Received PPP Funding:
Seven Isles Seafoods LLC
Shelton, WA
Industry PPP Comparison Statistics
Nationwide, 476 businesses in the "Seafood Product Preparation and Packaging" industry received a total of $141,508,217.00 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 28 employees, 94% lower than Taylor Shellfish Company. Inc.'s reported 486 employees, and received an average PPP loan of $297,286, 95% lower than this company's loan of $5.41M.
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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