PPP Loan Data — Expert International LLC, Redmond, WA
Expert International LLC
Entity: Limited Liability Company (LLC)
Location: Redmond, WATweet This • Search All PPP Data
Expert International LLC is a limited liability company (LLC) located at 14754 Ne 95th St in Redmond, Washington that received a Coronavirus-related PPP loan from the SBA of $24,997.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Expert International LLC in Redmond, WA received a Paycheck Protection Loan of $24,997 through JPMorgan Chase Bank, National Association, which was approved in June, 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 June, 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, Expert International LLC's 2019 payroll expenses are estimated to be at least $119,986.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,993 per employee1
Reported PPP Proceed Usage:
On the PPP application, Expert International LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,997
Business Information - Expert International LLC in Redmond, WA
14754 Ne 95th St
Redmond, WA 98052
Toy and Hobby Goods and Supplies Merchant Wholesalers
NAICS code 423920
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Redmond
In the Redmond area, 2 businesses in the "Toy and Hobby Goods and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 2) and received an average PPP loan of $170,952 (compared to this company's $24,997).
Similar Nearby Businesses Who Received PPP Funding:
Northwest Synergy Inc
Industry PPP Comparison Statistics
Nationwide, 2,876 businesses in the "Toy and Hobby Goods and Supplies Merchant Wholesalers" industry received a total of $266.28M 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 9 employees, 350% higher than Expert International LLC's reported 2 employees, and received an average PPP loan of $92,585, 270% higher than this company's loan of $24,997.
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Footnotes & Information
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