PPP Loan Data — Timber Products Company LP, Springfield, OR
Timber Products Company LP is a partnership located at 305 S. 4th Street in Springfield, Oregon that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Timber Products Company LP in Springfield, OR received a Paycheck Protection Loan of $10M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Timber Products Company LP's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Unlike most businesses, Timber Products Company LP'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.
Business Information - Timber Products Company LP in Springfield, OR
305 S. 4th Street
Springfield, OR 97477
Softwood Veneer and Plywood Manufacturing (NAICS code 321212)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-04
Similar Companies near Springfield
In the Springfield area, 2 businesses in the "Softwood Veneer and Plywood Manufacturing" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 0) and received an average PPP loan of $5,219,150 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 44 businesses in the "Softwood Veneer and Plywood Manufacturing" industry received a total of $40,336,054.00 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 56 employees, and received an average PPP loan of $916,729, 91% lower than this company's loan of $10M.
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