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PPP Loan Data — Comagine Health, Seattle, WA

SBA PPP loan data, payroll data, and salaries for Comagine Health
WA Nonprofit Organization

Comagine Health

Entity: Non-profit Organization

Industry: All Other Miscellaneous Ambulatory Health Care Services

Location: Seattle, WA

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Comagine Health is a non-profit organization located at 10700 Meridian Ave N. in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $9,125,375.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$9.13M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

KEYBANK NATIONAL ASSOCIATION

Comagine Health in Seattle, WA received a Paycheck Protection Loan of $9.13M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Comagine Health's total 2019 payroll expenses were approximately $43.8M in order to qualify for the PPP loan amount received.

Unlike most businesses, Comagine Health's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Comagine Health is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Comagine Health in Seattle, WA

Comagine Health
10700 Meridian Ave N.
Seattle, WA 98133

Business Industry

All Other Miscellaneous Ambulatory Health Care Services (NAICS code 621999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-07

Similar Companies near Seattle

In the Seattle area, 4 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $2,300,391 (compared to this company's $9.13M).

Industry PPP Comparison Statistics

Nationwide, 13,305 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1,358,409,224.00 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 11 employees, and received an average PPP loan of $102,098, 99% lower than this company's loan of $9.13M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/comagine-health-seattle-wa