PPP Loan Data — Dianna Demmel, Puyallup, WA
Dianna Demmel is a sole proprietorship located at 12303 Meridian E Ste 300 in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Dianna Demmel in Puyallup, WA received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, which was approved in January, 2021.
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, Dianna Demmel's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dianna Demmel reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,997
- Utilities: $1
Business Information - Dianna Demmel in Puyallup, WA
12303 Meridian E Ste 300
Puyallup, WA 98373
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Puyallup
In the Puyallup area, 23 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $16,708 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
J P Massage Therapy Inc
Pure Harmony Nails & Spa LLC
Mermaid Cove Massage & Wellness LLC
Southern Charm Espresso LLC
Ever Care Massage Therapy LLC
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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 3 employees, 40% lower than Dianna Demmel's reported 5 employees, and received an average PPP loan of $23,334, 7% lower than this company's loan of $25,000.
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Footnotes & Information
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