PPP Loan Data — Going Twice, Inc, Lakewood, WA
Going Twice, Inc
Location: Lakewood, WATweet This • Search All PPP Data
Going Twice, Inc is a corporation located at 10321 Gravelly Lake Drive Sw #d in Lakewood, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Going Twice, Inc in Lakewood, WA received a Paycheck Protection Loan of $25,000 through WebBank, which was approved in April, 2020.
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, Going Twice, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Going Twice, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Going Twice, Inc in Lakewood, WA
10321 Gravelly Lake Drive Sw #d
Lakewood, WA 98499
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lakewood
In the Lakewood area, 23 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $42,316 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
House Of Pho Restaurant
Olson Adventures Inc
Tuff T's Connection
Systems For Public Safety, Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 20% lower than Going Twice, Inc's reported 5 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!