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PPP Loan Data — Harbor Foodservice Of Seattle LLC,
Kent, WA
Harbor Foodservice Of Seattle LLC
Entity: Limited Liability Company (LLC)
Industry: Other Grocery and Related Products Merchant Wholesalers
Location: Kent, WA
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Harbor Foodservice Of Seattle LLC is a limited liability company (LLC) located at 18430 E Valley Hwy in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #9384258506
Loan Size:
Jobs Retained:
221Loan Approved:
2021-03-12Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationHarbor Foodservice Of Seattle LLC in Kent, WA received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Harbor Foodservice Of Seattle LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $43,439 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harbor Foodservice Of Seattle LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Harbor Foodservice Of Seattle LLC in Kent, WA
18430 E Valley Hwy
Kent, WA 98032
Business Industry:
Other Grocery and Related Products Merchant Wholesalers
NAICS code 424490
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: Y
Rural / Urban: Urban
Similar Companies near Kent
In the Kent area, 9 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 221) and received an average PPP loan of $702,433 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
West Coast Pita & Foods, Inc
Kent, WA
Three Vectors Corporation
Kent, WA
TJ's Place
Kirkland, WA
B & F Inc
Kent, WA
Pink Sugar Espresso Kent
Kent, WA
Kdsl Inc
Kent, WA
Industry PPP Comparison Statistics
Nationwide, 8,196 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $868.25M 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 12 employees, 95% lower than Harbor Foodservice Of Seattle LLC's reported 221 employees, and received an average PPP loan of $105,935, 95% lower than this company's loan of $2M.
Harbor Foodservice Of Seattle LLC
Entity: Limited Liability Company (LLC)
Industry: Other Grocery and Related Products Merchant Wholesalers
Location: Kent, WA
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Harbor Foodservice Of Seattle LLC is a limited liability company (LLC) located at 18430 East Valley Hwy 0.0 in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $3,653,250.00 in April, 2020.
$
PPP Loan Information
Loan #8696347006
Loan Size:
Jobs Retained:
208Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationHarbor Foodservice Of Seattle LLC in Kent, WA received a Paycheck Protection Loan of $3.65M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Harbor Foodservice Of Seattle LLC's 2019 payroll expenses are estimated to be at least $17.54M.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $84,306 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harbor Foodservice Of Seattle LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,938,250
- Utilities: $95,000
- Health Care: $620,000
Business Information - Harbor Foodservice Of Seattle LLC in Kent, WA
18430 East Valley Hwy 0.0
Kent, WA 98032
Business Industry:
Other Grocery and Related Products Merchant Wholesalers
NAICS code 424490
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Kent
In the Kent area, 9 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 208) and received an average PPP loan of $702,433 (compared to this company's $3.65M).
Similar Nearby Businesses Who Received PPP Funding:
West Coast Pita & Foods, Inc
Kent, WA
Three Vectors Corporation
Kent, WA
TJ's Place
Kirkland, WA
B & F Inc
Kent, WA
Pink Sugar Espresso Kent
Kent, WA
Kdsl Inc
Kent, WA
Industry PPP Comparison Statistics
Nationwide, 8,196 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $868.25M 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 12 employees, 94% lower than Harbor Foodservice Of Seattle LLC's reported 208 employees, and received an average PPP loan of $105,935, 97% lower than this company's loan of $3.65M.
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.
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.
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