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PPP Loan Data — City Beverages LLC,
Puyallup, WA
City Beverages LLC
Entity: Limited Liability Company (LLC)
Industry: Beer and Ale Merchant Wholesalers
Location: Puyallup, WA
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City Beverages LLC is a limited liability company (LLC) located at 1101 N. Levee Road in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $3,130,250.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
235Loan Approved:
2020-04-09Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONCity Beverages LLC in Puyallup, WA received a Paycheck Protection Loan of $3.13M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, City Beverages LLC's total 2019 payroll expenses were approximately $15.03M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $63,937 per employee1.
Business Information - City Beverages LLC in Puyallup, WA
1101 N. Levee Road
Puyallup, WA 98371
Business Industry
Beer and Ale Merchant Wholesalers (NAICS code 424810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: WA-10Industry PPP Comparison Statistics
Nationwide, 1,103 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $586,037,858.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 43 employees, 82% lower than City Beverages LLC's reported 235 employees, and received an average PPP loan of $531,313, 83% lower than this company's loan of $3.13M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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