PPP Loan Data — Beyond Threads LLC, Seattle, WA
Beyond Threads LLC is a corporation located at 214 S Jackson St in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $46,105.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Square Capital, LLC
Beyond Threads LLC in Seattle, WA received a Paycheck Protection Loan of $46,105 through Square Capital, LLC, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Beyond Threads LLC's 2019 payroll expenses are estimated to be at least $221,304.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,261 per employee1
Reported PPP Proceed Usage:
On the PPP application, Beyond Threads LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,579
- Utilities: $5,763
- Mortgage Interest: $5,763
Business Information - Beyond Threads LLC in Seattle, WA
214 S Jackson St
Seattle, WA 98104
Family Clothing Stores
NAICS code 448140
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 5 businesses in the "Family Clothing Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $33,293 (compared to this company's $46,105).
Similar Nearby Businesses Who Received PPP Funding:
Village Maternity LLC
Can't Blame The Youth LLC
Industry PPP Comparison Statistics
Nationwide, 15,837 businesses in the "Family Clothing Stores" industry received a total of $516.91M 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 5 employees, the same amount reported by Beyond Threads LLC and received an average PPP loan of $32,640, 29% lower than this company's loan of $46,105.
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Footnotes & Information
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