PPP Loan Data — Fleet Reserve Association Branch 29, Bremerton, WA
Fleet Reserve Association Branch 29 is a non-profit organization located at 521 S. National Ave. in Bremerton, Washington that received a Coronavirus-related PPP loan from the SBA of $25,458.00 in June, 2020.
The company has reported itself as a White female owned non-profit, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Fleet Reserve Association Branch 29 in Bremerton, WA received a Paycheck Protection Loan of $25,458 through Kitsap CU, 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 May, 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, Fleet Reserve Association Branch 29's 2019 payroll expenses are estimated to be at least $122,198.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fleet Reserve Association Branch 29 reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,458
Business Information - Fleet Reserve Association Branch 29 in Bremerton, WA
521 S. National Ave.
Bremerton, WA 98312
NAICS code 813211
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Bremerton
In the Bremerton area, 2 businesses in the "Grantmaking Foundations" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $25,458 (compared to this company's $25,458).
Similar Nearby Businesses Who Received PPP Funding:
Fleet Reserve Association Branch 29 Bremerton
Industry PPP Comparison Statistics
Nationwide, 4,623 businesses in the "Grantmaking Foundations" industry received a total of $559.02M 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 12 employees, 140% higher than Fleet Reserve Association Branch 29's reported 5 employees, and received an average PPP loan of $120,922, 375% higher than this company's loan of $25,458.
FederalPay's PPP Information Policy
Footnotes & Information
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