PPP Loan Data — Atlas Geosciences NW LLC, Puyallup, WA
Atlas Geosciences NW LLC is a limited liability company (LLC) located at 3122 26th Ave Se in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $46,389.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Atlas Geosciences NW LLC in Puyallup, WA received a Paycheck Protection Loan of $46,389 through Heritage Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Atlas Geosciences NW LLC's 2019 payroll expenses are estimated to be at least $222,667.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,533 per employee1
Reported PPP Proceed Usage:
On the PPP application, Atlas Geosciences NW LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,389
Business Information - Atlas Geosciences NW LLC in Puyallup, WA
3122 26th Ave Se
Puyallup, WA 98374
Environmental Consulting Services
NAICS code 541620
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Puyallup
In the Puyallup area, 4 businesses in the "Environmental Consulting Services" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 5) and received an average PPP loan of $2,521,518 (compared to this company's $46,389).
Similar Nearby Businesses Who Received PPP Funding:
Beaver Creek Environmental Services Inc
Industry PPP Comparison Statistics
Nationwide, 9,454 businesses in the "Environmental Consulting Services" industry received a total of $1.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 80% higher than Atlas Geosciences NW LLC's reported 5 employees, and received an average PPP loan of $110,904, 139% higher than this company's loan of $46,389.
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Footnotes & Information
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