PPP Loan Data — Four Our Families, Inc., Tacoma, WA
Four Our Families, Inc. is a subchapter s corporation located at Po Box 8087 in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $2,554,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 345 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Four Our Families, Inc. in Tacoma, WA received a Paycheck Protection Loan of $2.55M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Four Our Families, Inc.'s total 2019 payroll expenses were approximately $12.26M in order to qualify for the PPP loan amount received.
Based on their reported 345 jobs retained, this equals an estimated average yearly compensation of $35,546 per employee1.
Business Information - Four Our Families, Inc. in Tacoma, WA
Po Box 8087
Tacoma, WA 98419
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: WA-06
Similar Companies near Tacoma
In the Tacoma area, 6 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 345) and received an average PPP loan of $444,988 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
RMS Lincoln Subway LLC
VK - Viet Kitchen - Vietnamese Authentic
The Nguyen Family Corp
Connie's Donuts & Espresso LLC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 94% lower than Four Our Families, Inc.'s reported 345 employees, and received an average PPP loan of $116,685, 95% lower than this company's loan of $2.55M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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