PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Guava Quartz LLC, Bellevue, WA

ALERT: There are 2 PPP loans for a total of $36,200 in our database for businesses with the name "Guava Quartz LLC" in Bellevue, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Guava Quartz LLC
WA

Guava Quartz LLC

Entity: Limited Liability Company (LLC)

Industry: Cut Stone and Stone Product Manufacturing

Location: Bellevue, WA

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Guava Quartz LLC is a limited liability company (LLC) located in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $11,200.00 in February, 2021.

$ PPP Loan Information
Loan #4039918401

Loan Size:

$11,200

Jobs Retained:

1

Loan Approved:

2021-02-05

Loan Status:

Ongoing Loan

Lender:

Boeing Empl CU

Guava Quartz LLC in Bellevue, WA received a Paycheck Protection Loan of $11,200 through Boeing Empl CU, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Guava Quartz LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $11,197
  • Utilities: $1

Business Information - Guava Quartz LLC in Bellevue, WA

Guava Quartz LLC
Bellevue, WA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Cut Stone and Stone Product Manufacturing
NAICS code 327991

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-09

Industry PPP Comparison Statistics

Nationwide, 3,142 businesses in the "Cut Stone and Stone Product Manufacturing" industry received a total of $379.67M 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 13 employees, 1200% higher than Guava Quartz LLC's reported 1 employees, and received an average PPP loan of $120,837, 979% higher than this company's loan of $11,200.

SBA PPP loan data, payroll data, and salaries for Guava Quartz LLC
WA

Guava Quartz LLC

Entity: Limited Liability Company (LLC)

Industry: Hardware Stores

Location: Bellevue, WA

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Guava Quartz LLC is a limited liability company (LLC) located in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.

$ PPP Loan Information
Loan #5142867101

Loan Size:

$25,000

Jobs Retained:

1

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

Boeing Empl CU
Likely Employment Reduction3

Guava Quartz LLC in Bellevue, WA received a Paycheck Protection Loan of $25,000 through Boeing Empl CU, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Guava Quartz LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Guava Quartz LLC in Bellevue, WA

Guava Quartz LLC
Bellevue, WA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Hardware Stores
NAICS code 444130

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-09

Similar Companies near Bellevue

In the Bellevue area, 3 businesses in the "Hardware Stores" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $142,458 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 8,816 businesses in the "Hardware Stores" industry received a total of $736.15M 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 13 employees, 1200% higher than Guava Quartz LLC's reported 1 employees, and received an average PPP loan of $83,502, 234% higher than this company's loan of $25,000.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/guava-quartz-llc-bellevue-wa