PPP Loan Data — Clean More Clear Services, Renton, WA
Clean More Clear Services is a sole proprietorship located at 2101 Sw Sunset Blvd Apt D405 in Renton, Washington that received a Coronavirus-related PPP loan from the SBA of $25,320.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Clean More Clear Services in Renton, WA received a Paycheck Protection Loan of $25,320 through Verity CU, which was approved in August, 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, Clean More Clear Services' 2019 payroll expenses are estimated to be at least $121,536.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,768 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clean More Clear Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,320
Business Information - Clean More Clear Services in Renton, WA
2101 Sw Sunset Blvd Apt D405
Renton, WA 98057
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Renton
In the Renton area, 56 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 2) and received an average PPP loan of $133,125 (compared to this company's $25,320).
Similar Nearby Businesses Who Received PPP Funding:
Heras Janitorial Services
Nspire Services LLC
Madrona Home Services
Estrada Enterprises, Inc
Northwest Facility Services, LLC DBA City Wide Maintenance O
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B 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 5 employees, 150% higher than Clean More Clear Services' reported 2 employees, and received an average PPP loan of $30,311, 20% higher than this company's loan of $25,320.
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Footnotes & Information
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