PPP Loan Data — 5TH Avenue Theatre Association, Seattle, WA
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
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.
Business Information - 5TH Avenue Theatre Association in Seattle, WA
1326 5th Ave Ste 735
Seattle, WA 98101
Theater Companies and Dinner Theaters (NAICS code 711110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Seattle Symphony Orchestra
A Contemporary Theatre, Inc
The Greek Yeero Inc.
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.
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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