PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Bellingham Nanny Connection, Bellingham, WA

ALERT: There are 2 PPP loans for a total of $66,348 in our database for businesses with the name "Bellingham Nanny Connection" in Bellingham, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Bellingham Nanny Connection
WA

Bellingham Nanny Connection

Entity: Partnership

Industry: Child Day Care Services

Location: Bellingham, WA

Search All PPP Data

Bellingham Nanny Connection is a partnership located at 114 W Magnolia St Ste 424 in Bellingham, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in February, 2021.

$ PPP Loan Information
Loan #5625028402

Loan Size:

$25,000

Jobs Retained:

20

Loan Approved:

2021-02-09

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Bellingham Nanny Connection in Bellingham, WA received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in February, 2021.

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 October, 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, Bellingham Nanny Connection's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $6,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bellingham Nanny Connection reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,998
  • Utilities: $1

Business Information - Bellingham Nanny Connection in Bellingham, WA

Bellingham Nanny Connection
114 W Magnolia St Ste 424
Bellingham, WA 98225

Business Industry:
Child Day Care Services
NAICS code 624410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Whatcom County, WA — SBA Office 1013 — Congressional District: WA-02

Similar Companies near Bellingham

In the Bellingham area, 25 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 20) and received an average PPP loan of $102,858 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 128,982 businesses in the "Child Day Care Services" industry received a total of $5.47B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 60% lower than Bellingham Nanny Connection's reported 20 employees, and received an average PPP loan of $42,417, 70% higher than this company's loan of $25,000.

SBA PPP loan data, payroll data, and salaries for Bellingham Nanny Connection
WA

Bellingham Nanny Connection

Entity: Partnership

Industry: Unclassified Establishments

Location: Bellingham, WA

Search All PPP Data

Bellingham Nanny Connection is a partnership located at 114 W Magnolia St Ste 424 in Bellingham, Washington that received a Coronavirus-related PPP loan from the SBA of $41,348.00 in May, 2020.

$ PPP Loan Information
Loan #2607927408

Loan Size:

$41,348

Jobs Retained:

20

Loan Approved:

2020-05-06

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Bellingham Nanny Connection in Bellingham, WA received a Paycheck Protection Loan of $41,348 through Bank of America, National Association, which was approved in May, 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 April, 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, Bellingham Nanny Connection's 2019 payroll expenses are estimated to be at least $198,470.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $9,924 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bellingham Nanny Connection reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $41,348

Business Information - Bellingham Nanny Connection in Bellingham, WA

Bellingham Nanny Connection
114 W Magnolia St Ste 424
Bellingham, WA 98225

Business Industry:
Unclassified Establishments
NAICS code 999990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Whatcom County, WA — SBA Office 1013 — Congressional District: WA-02

Similar Companies near Bellingham

In the Bellingham area, 30 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 20) and received an average PPP loan of $30,081 (compared to this company's $41,348).

Industry PPP Comparison Statistics

Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 50% lower than Bellingham Nanny Connection's reported 20 employees, and received an average PPP loan of $42,861, 4% higher than this company's loan of $41,348.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/bellingham-nanny-connection-bellingham-wa