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PPP Loan Data — Western Pneumatics, Inc., Eugene, OR

SBA PPP loan data, payroll data, and salaries for Western Pneumatics, Inc.
OR

Western Pneumatics, Inc.

Entity: Subchapter S Corporation

Industry: Conveyor and Conveying Equipment Manufacturing

Location: Eugene, OR

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Western Pneumatics, Inc. is a subchapter s corporation located at 110 N. Seneca Rd. in Eugene, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,793,378.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.79M

Jobs Retained:

180

Loan Approved:

2020-04-10

Lender:

CALIFORNIA BANK OF COMMERCE

Western Pneumatics, Inc. received a Paycheck Protection Loan of $2.79M through CALIFORNIA BANK OF COMMERCE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Western Pneumatics, Inc.'s total 2019 payroll expenses were approximately $13.41M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $74,490 per employee1.

Because the loan received by Western Pneumatics, 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 - Western Pneumatics, Inc. in Eugene, OR

Western Pneumatics, Inc.
110 N. Seneca Rd.
Eugene, OR 97402

Business Industry

Conveyor and Conveying Equipment Manufacturing (NAICS code 333922)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OR-04

Industry PPP Comparison Statistics

Nationwide, 409 businesses in the "Conveyor and Conveying Equipment Manufacturing" industry received a total of $209,433,358.00 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 30 employees, 83% lower than Western Pneumatics, Inc.'s reported 180 employees, and received an average PPP loan of $512,062, 82% lower than this company's loan of $2.79M.

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.

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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/western-pneumatics-inc-eugene-or