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PPP Loan Data — Harbor Foodservice Of Seattle LLC, Kent, WA

SBA PPP loan data, payroll data, and salaries for Harbor Foodservice Of Seattle LLC
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 East Valley Hwy 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 Size:

$3.65M

Jobs Retained:

208

Loan Approved:

2020-04-08

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Harbor Foodservice Of Seattle LLC received a Paycheck Protection Loan of $3.65M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Harbor Foodservice Of Seattle LLC's total 2019 payroll expenses were approximately $17.54M in order to qualify for the PPP loan amount received.

Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $84,306 per employee1.

Because the loan received by Harbor Foodservice Of Seattle LLC 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 - Harbor Foodservice Of Seattle LLC in Kent, WA

Harbor Foodservice Of Seattle LLC
18430 East Valley Hwy
Kent, WA 98032

Business Industry

Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-09

Similar Companies near Kent

In the Kent area, 4 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 208) and received an average PPP loan of $1,001,565 (compared to this company's $3.65M).

Industry PPP Comparison Statistics

Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 93% lower than Harbor Foodservice Of Seattle LLC's reported 208 employees, and received an average PPP loan of $146,523, 96% 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.

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/harbor-foodservice-of-seattle-llc-kent-wa