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PPP Loan Data — Best Home Remodeling Services LLC DBA Best Roofing Company,, Seattle, WA

SBA PPP loan data, payroll data, and salaries for Best Home Remodeling Services LLC DBA Best Roofing Company,
WA

Best Home Remodeling Services LLC DBA Best Roofing Company,

Entity: Limited Liability Company (LLC)

Industry: Residential Remodelers

Location: Seattle, WA

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Best Home Remodeling Services LLC DBA Best Roofing Company, is a limited liability company (LLC) located in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $16,592.00 in May, 2020.

$ PPP Loan Information
Loan #1426107710

Loan Size:

$16,592

Jobs Retained:

1

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Best Home Remodeling Services LLC DBA Best Roofing Company, in Seattle, WA received a Paycheck Protection Loan of $16,592 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Best Home Remodeling Services LLC DBA Best Roofing Company, reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,500
  • Utilities: $1,192
  • Rent: $2,900

Business Information - Best Home Remodeling Services LLC DBA Best Roofing Company, in Seattle, WA

Best Home Remodeling Services LLC DBA Best Roofing Company,
Seattle, WA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Residential Remodelers
NAICS code 236118

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-09

Similar Companies near Seattle

In the Seattle area, 57 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 1) and received an average PPP loan of $221,702 (compared to this company's $16,592).

Industry PPP Comparison Statistics

Nationwide, 176,198 businesses in the "Residential Remodelers" industry received a total of $5.35B 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 3 employees, 200% higher than Best Home Remodeling Services LLC DBA Best Roofing Company,'s reported 1 employees, and received an average PPP loan of $30,350, 83% higher than this company's loan of $16,592.

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/best-home-remodeling-services-llc-dba-best-roofing-company-seattle-wa