Subchapter S Corporation Travis Pattern And Foundry, Inc in Spokane, WA - SBA PPP Loan Data (Paycheck Protection Program)
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PPP Loan Data — Travis Pattern And Foundry, Inc, Spokane, WA

SBA PPP loan data, payroll data, and salaries for Travis Pattern And Foundry, Inc
WA

Travis Pattern And Foundry, Inc

Entity: Subchapter S Corporation

Industry: Aluminum Foundries (except Die-Casting)

Location: Spokane, WA

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Travis Pattern And Foundry, Inc is a subchapter s corporation located at 1413 E. Hawthorne Rd in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $4,627,962.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 433 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.63M

Jobs Retained:

433

Loan Approved:

2020-04-28

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Travis Pattern And Foundry, Inc in Spokane, WA received a Paycheck Protection Loan of $4.63M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Travis Pattern And Foundry, Inc's total 2019 payroll expenses were approximately $22.21M in order to qualify for the PPP loan amount received.

Based on their reported 433 jobs retained, this equals an estimated average yearly compensation of $51,303 per employee1.

Because the loan received by Travis Pattern And Foundry, 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 - Travis Pattern And Foundry, Inc in Spokane, WA

Travis Pattern And Foundry, Inc
1413 E. Hawthorne Rd
Spokane, WA 99218

Business Industry

Aluminum Foundries (except Die-Casting) (NAICS code 331524)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WA-05

Industry PPP Comparison Statistics

Nationwide, 154 businesses in the "Aluminum Foundries (except Die-Casting)" industry received a total of $77,807,373.00 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 39 employees, 91% lower than Travis Pattern And Foundry, Inc's reported 433 employees, and received an average PPP loan of $505,243, 89% lower than this company's loan of $4.63M.

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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Source: www.federalpay.org/paycheck-protection-program/travis-pattern-and-foundry-inc-spokane-wa