PPP Loan Data — Dilk Tire Service Inc, Raymond, WA
Dilk Tire Service Inc is a subchapter s corporation located at 120 3rd St in Raymond, Washington that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Security State Bank
Dilk Tire Service Inc in Raymond, WA received a Paycheck Protection Loan of $46,800 through Security State Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2020.
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, Dilk Tire Service Inc's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dilk Tire Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - Dilk Tire Service Inc in Raymond, WA
120 3rd St
Raymond, WA 98577
NAICS code 441320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 8,434 businesses in the "Tire Dealers" industry received a total of $776.34M 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 10 employees, 233% higher than Dilk Tire Service Inc's reported 3 employees, and received an average PPP loan of $92,049, 97% higher than this company's loan of $46,800.
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Footnotes & Information
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