PPP Loan Data — Doughnut Corporation Of America, Tukwila, WA
Doughnut Corporation Of America is a corporation located at 401 Baker Blvd. in Tukwila, Washington that received a Coronavirus-related PPP loan from the SBA of $1,624,536.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Federal Bank, National Association
Doughnut Corporation Of America in Tukwila, WA received a Paycheck Protection Loan of $1.62M through Washington Federal Bank, National Association, which was approved in April, 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, Doughnut Corporation Of America's 2019 payroll expenses are estimated to be at least $7.8M.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $63,397 per employee1
Reported PPP Proceed Usage:
On the PPP application, Doughnut Corporation Of America reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,218,402
- Utilities: $406,134
Business Information - Doughnut Corporation Of America in Tukwila, WA
401 Baker Blvd.
Tukwila, WA 98188
Baked Goods Stores
NAICS code 445291
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tukwila
In the Tukwila area, 3 businesses in the "Baked Goods Stores" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 123) and received an average PPP loan of $545,147 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 9,213 businesses in the "Baked Goods Stores" industry received a total of $417.18M 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, 92% lower than Doughnut Corporation Of America's reported 123 employees, and received an average PPP loan of $45,282, 97% lower than this company's loan of $1.62M.
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Footnotes & Information
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