PPP Loan Data — ECS Enterprise Inc, Renton, WA
ECS Enterprise Inc
Location: Renton, WATweet This • Search All PPP Data
ECS Enterprise Inc is a corporation located at 16932 157th Pl Se in Renton, Washington that received a Coronavirus-related PPP loan from the SBA of $24,917.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
ECS Enterprise Inc in Renton, WA received a Paycheck Protection Loan of $24,917 through Wells Fargo Bank, National Association, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, ECS Enterprise Inc's 2019 payroll expenses are estimated to be at least $119,602.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,801 per employee1
Reported PPP Proceed Usage:
On the PPP application, ECS Enterprise Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,914
- Utilities: $1
Business Information - ECS Enterprise Inc in Renton, WA
16932 157th Pl Se
Renton, WA 98058
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Renton
In the Renton area, 34 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 2) and received an average PPP loan of $72,408 (compared to this company's $24,917).
Similar Nearby Businesses Who Received PPP Funding:
Unique Nail And Spa LLC
STP Pubs LLC
Corbin Chiropractic Clinic
Gman Industries, LTD
Powder Haus LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 100% higher than ECS Enterprise Inc's reported 2 employees, and received an average PPP loan of $34,329, 38% higher than this company's loan of $24,917.
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Footnotes & Information
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