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PPP Loan Data — 5TH Avenue Theatre Association, Seattle, WA

SBA PPP loan data, payroll data, and salaries for 5TH Avenue Theatre Association
WA

5TH Avenue Theatre Association

Entity: Professional Association

Industry: Theater Companies and Dinner Theaters

Location: Seattle, WA

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5TH Avenue Theatre Association is a professional association located at 1326 5th Ave Ste 735 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,690,306.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.69M

Jobs Retained:

183

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

5TH Avenue Theatre Association in Seattle, WA received a Paycheck Protection Loan of $2.69M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, 5TH Avenue Theatre Association's total 2019 payroll expenses were approximately $12.91M in order to qualify for the PPP loan amount received.

Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $70,565 per employee1.

Because the loan received by 5TH Avenue Theatre Association 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 - 5TH Avenue Theatre Association in Seattle, WA

5TH Avenue Theatre Association
1326 5th Ave Ste 735
Seattle, WA 98101

Business Industry

Theater Companies and Dinner Theaters (NAICS code 711110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-07

Similar Companies near Seattle

In the Seattle area, 4 businesses in the "Theater Companies and Dinner Theaters" industry received a PPP loan. These local businesses reported an average of 175 employees (compared to this company's 183) and received an average PPP loan of $1,842,738 (compared to this company's $2.69M).

Industry PPP Comparison Statistics

Nationwide, 4,100 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $414,044,745.00 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 16 employees, 91% lower than 5TH Avenue Theatre Association's reported 183 employees, and received an average PPP loan of $100,987, 96% lower than this company's loan of $2.69M.

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.

Search FederalPay's Full PPP Loan Database

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/5th-avenue-theatre-association-seattle-wa