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PPP Loan Data — Gomez Northwest Inc, Mukilteo, WA

SBA PPP loan data, payroll data, and salaries for Gomez Northwest Inc
WA

Gomez Northwest Inc

Entity: Subchapter S Corporation

Industry: Limited-Service Restaurants

Location: Mukilteo, WA

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Gomez Northwest Inc is a subchapter s corporation located at 9700 Harbour Place Suite 219 in Mukilteo, Washington that received a Coronavirus-related PPP loan from the SBA of $2,571,567.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least 394 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.57M

Jobs Retained:

394

Loan Approved:

2020-04-07

Lender:

CBW BANK

Gomez Northwest Inc in Mukilteo, WA received a Paycheck Protection Loan of $2.57M through CBW BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gomez Northwest Inc's total 2019 payroll expenses were approximately $12.34M in order to qualify for the PPP loan amount received.

Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $31,329 per employee1.

Because the loan received by Gomez Northwest Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Gomez Northwest Inc in Mukilteo, WA

Gomez Northwest Inc
9700 Harbour Place Suite 219
Mukilteo, WA 98275

Business Industry

Limited-Service Restaurants (NAICS code 722513)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: WA-02

Similar Companies near Mukilteo

In the Mukilteo area, 14 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 394) and received an average PPP loan of $873,654 (compared to this company's $2.57M).

Industry PPP Comparison Statistics

Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 94% lower than Gomez Northwest Inc's reported 394 employees, and received an average PPP loan of $120,904, 95% lower than this company's loan of $2.57M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gomez-northwest-inc-mukilteo-wa