PPP Loan Data — Glasbox Inc, Bonney Lake, WA
Glasbox Inc is a corporation located at 10007 234th Ave E Ste F in Bonney Lake, Washington that received a Coronavirus-related PPP loan from the SBA of $24,932.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:HSBC Bank USA, National Association
Glasbox Inc in Bonney Lake, WA received a Paycheck Protection Loan of $24,932 through HSBC Bank USA, National Association, which was approved in January, 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, Glasbox Inc's 2019 payroll expenses are estimated to be at least $119,674.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,837 per employee1
Reported PPP Proceed Usage:
On the PPP application, Glasbox Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,931
Business Information - Glasbox Inc in Bonney Lake, WA
10007 234th Ave E Ste F
Bonney Lake, WA 98391
All Other Home Furnishings Stores
NAICS code 442299
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,398 businesses in the "All Other Home Furnishings Stores" industry received a total of $405.58M 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 7 employees, 250% higher than Glasbox Inc's reported 2 employees, and received an average PPP loan of $54,822, 120% higher than this company's loan of $24,932.
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Footnotes & Information
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