PPP Loan Data — Happy Guests International Inc, Seattle, WA
Happy Guests International Inc is a corporation located at 1936 Harbor Ave Sw in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $3,034,900.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 266 people during the applicable loan loan period.
$ PPP Loan Information
Lender:ALASKA USA FCU
Happy Guests International Inc received a Paycheck Protection Loan of $3.03M through ALASKA USA FCU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Happy Guests International Inc's total 2019 payroll expenses were approximately $14.57M in order to qualify for the PPP loan amount received.
Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $54,765 per employee1.
Business Information - Happy Guests International Inc in Seattle, WA
1936 Harbor Ave Sw
Seattle, WA 98126
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: WA-07
Similar Companies near Seattle
In the Seattle area, 30 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 266) and received an average PPP loan of $171,713 (compared to this company's $3.03M).
Similar Nearby Businesses Who Received PPP Funding:
G P Sideris Inc
Sultan Grill & Shawarma
Alki Beach Restaurant (Cafe) LLC
PEN Pineapple Apple PEN, Inc.
Thai Hut LLC
Bellsea Group LLC
Enat Ethiopian Restaurant
Watershed Fc, LLC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 92% lower than Happy Guests International Inc's reported 266 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $3.03M.
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.
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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