PPP Loan Data — B/T Washington LLC, Seattle, WA
B/T Washington LLC is a limited liability company (LLC) located at 159 S Jackson St, Ste 320 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Trust Bank
B/T Washington LLC in Seattle, WA received a Paycheck Protection Loan of $2.5M through Washington Trust Bank, which was approved in April, 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.
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, B/T Washington LLC's 2019 payroll expenses are estimated to be at least $12M.
Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $58,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, B/T Washington LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,500,000
Business Information - B/T Washington LLC in Seattle, WA
159 S Jackson St, Ste 320
Seattle, WA 98104
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 26 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 206) and received an average PPP loan of $173,356 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Tucson 368 LLC
Stephen C. Grey & Associates
Niche Realty Associates LLC
Thayer Manca Residential
Lacey 189 Partners LLC
Umano Real Estate LLC
Keystone Properties NW LLC
Bonavista Management LLC
Bryan Ford Inc
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B 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, 96% lower than B/T Washington LLC's reported 206 employees, and received an average PPP loan of $83,394, 97% lower than this company's loan of $2.5M.
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Footnotes & Information
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