PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Fort St. George Inc, Seattle, WA

ALERT: There are 2 PPP loans for a total of $204,013 in our database for businesses with the name "Fort St. George Inc" in Seattle, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Fort St. George Inc
WA

Fort St. George Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: Seattle, WA

Search All PPP Data

Fort St. George Inc is a corporation located at 601 S King St Ste 202 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $101,995.00 in January, 2021.

The company has reported itself as an Asian female owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #8165218304

Loan Size:

$101,995

Jobs Retained:

7

Loan Approved:

2021-01-29

Loan Status:

Active Un-Disbursed

Lender:

Grow America Fund, Incorporated
PPP Funds Undisbursed

Fort St. George Inc in Seattle, WA received a Paycheck Protection Loan of $101,995 through Grow America Fund, Incorporated, which was approved in January, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $101,995 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Fort St. George Inc's 2019 payroll expenses are estimated to be at least $489,576.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $69,939 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fort St. George Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $101,993
  • Utilities: $1

Business Information - Fort St. George Inc in Seattle, WA

Fort St. George Inc
601 S King St Ste 202
Seattle, WA 98104

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-09

Similar Companies near Seattle

In the Seattle area, 461 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 7) and received an average PPP loan of $167,519 (compared to this company's $101,995).

Industry PPP Comparison Statistics

Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 214% higher than Fort St. George Inc's reported 7 employees, and received an average PPP loan of $129,504, 27% higher than this company's loan of $101,995.

SBA PPP loan data, payroll data, and salaries for Fort St. George, Inc
WA

Fort St. George, Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: Seattle, WA

Search All PPP Data

Fort St. George, Inc is a corporation located at 601 S King St in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $102,018.00 in May, 2020.

The company has reported itself as an Asian female owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #8740087401

Loan Size:

$102,018

Jobs Retained:

13

Loan Approved:

2020-05-19

Loan Status:

Ongoing Loan

Lender:

Grow America Fund, Incorporated

Fort St. George, Inc in Seattle, WA received a Paycheck Protection Loan of $102,018 through Grow America Fund, Incorporated, which was approved in May, 2020.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Fort St. George, Inc's 2019 payroll expenses are estimated to be at least $489,686.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $37,668 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fort St. George, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $102,018

Business Information - Fort St. George, Inc in Seattle, WA

Fort St. George, Inc
601 S King St
Seattle, WA 98104

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-09

Similar Companies near Seattle

In the Seattle area, 461 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 13) and received an average PPP loan of $167,519 (compared to this company's $102,018).

Industry PPP Comparison Statistics

Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 69% higher than Fort St. George, Inc's reported 13 employees, and received an average PPP loan of $129,504, 27% higher than this company's loan of $102,018.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fort-st-george-inc-seattle-wa