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PPP Loan Data — Westside Drywall Inc,
Hubbard, OR
Westside Drywall Inc
Entity: Subchapter S Corporation
Industry: Drywall and Insulation Contractors
Location: Hubbard, OR
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Westside Drywall Inc is a subchapter s corporation located at 2755 Pacific Hwy in Hubbard, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,100,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
249Loan Approved:
2020-04-09Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONWestside Drywall Inc received a Paycheck Protection Loan of $3.1M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Westside Drywall Inc's total 2019 payroll expenses were approximately $14.88M in order to qualify for the PPP loan amount received.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $59,759 per employee1.
Business Information - Westside Drywall Inc in Hubbard, OR
2755 Pacific Hwy
Hubbard, OR 97032
Business Industry
Drywall and Insulation Contractors (NAICS code 238310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OR-05Similar Companies near Hubbard
In the Hubbard area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 249) and received an average PPP loan of $1,041,142 (compared to this company's $3.1M).
Similar Nearby Businesses Who Received PPP Funding:
Robert H Farro Jr
Hood River, OR
West Cascades Construction LLC
Hubbard, OR
Industry PPP Comparison Statistics
Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, 94% lower than Westside Drywall Inc's reported 249 employees, and received an average PPP loan of $192,711, 94% lower than this company's loan of $3.1M.
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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