PPP Loan Data — GKC Inc, Puyallup, WA
GKC Inc is a corporation located at 4621 S Meridian #825 in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $24,810.00 in April, 2020. This business is a Wild Birds Unlimited franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Bank of the Lake
GKC Inc in Puyallup, WA received a Paycheck Protection Loan of $24,810 through First Bank of the Lake, which was approved in April, 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 April, 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, GKC Inc's 2019 payroll expenses are estimated to be at least $119,088.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,544 per employee1
Reported PPP Proceed Usage:
On the PPP application, GKC Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,810
Business Information - GKC Inc in Puyallup, WA
4621 S Meridian #825
Puyallup, WA 98373
Hobby, Toy, and Game Stores
NAICS code 451120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Puyallup
In the Puyallup area, 6 businesses in the "Hobby, Toy, and Game Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $25,403 (compared to this company's $24,810).
Similar Nearby Businesses Who Received PPP Funding:
The Quilt Barn, Inc
Game On! Inc
Industry PPP Comparison Statistics
Nationwide, 5,716 businesses in the "Hobby, Toy, and Game Stores" industry received a total of $179.81M 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 6 employees, 200% higher than GKC Inc's reported 2 employees, and received an average PPP loan of $31,457, 27% higher than this company's loan of $24,810.
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Footnotes & Information
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