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PPP Loan Data — Compass Holdings Inc, Kirkland, WA

SBA PPP loan data, payroll data, and salaries for Compass Holdings Inc
WA

Compass Holdings Inc

Entity: Corporation

Industry: Grape Vineyards

Location: Kirkland, WA

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Compass Holdings Inc is a corporation located at 11332 Ne 122nd Way in Kirkland, Washington that received a Coronavirus-related PPP loan from the SBA of $2,455,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

142

Loan Approved:

2020-04-04

Lender:

WASHINGTON TRUST BANK

Compass Holdings Inc in Kirkland, WA received a Paycheck Protection Loan of $2.46M through WASHINGTON TRUST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Compass Holdings Inc's total 2019 payroll expenses were approximately $11.78M in order to qualify for the PPP loan amount received.

Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $82,986 per employee1.

Because the loan received by Compass Holdings Inc 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 - Compass Holdings Inc in Kirkland, WA

Compass Holdings Inc
11332 Ne 122nd Way
Kirkland, WA 98034

Business Industry

Grape Vineyards (NAICS code 111332)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-01

Industry PPP Comparison Statistics

Nationwide, 952 businesses in the "Grape Vineyards" industry received a total of $140,780,466.00 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 17 employees, 88% lower than Compass Holdings Inc's reported 142 employees, and received an average PPP loan of $147,879, 94% lower than this company's loan of $2.46M.

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/compass-holdings-inc-kirkland-wa