PPP Loan Data — Home Services Holding Group, LLC, Redmond, WA
Home Services Holding Group, LLC is a limited liability company (LLC) located at 9680 153rd Ave Ne in Redmond, Washington that received a Coronavirus-related PPP loan from the SBA of $3,231,526.00 in April, 2020.
$ PPP Loan Information
Lender:WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION
Home Services Holding Group, LLC received a Paycheck Protection Loan of $3.23M through WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Home Services Holding Group, LLC's total 2019 payroll expenses were approximately $15.51M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $62,045 per employee1.
Business Information - Home Services Holding Group, LLC in Redmond, WA
9680 153rd Ave Ne
Redmond, WA 98052
Unclassified Establishments (NAICS code 999990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-01
Similar Companies near Redmond
In the Redmond area, 58 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 250) and received an average PPP loan of $98,995 (compared to this company's $3.23M).
Similar Nearby Businesses Who Received PPP Funding:
People Infra LLC
Universal Qi Healing Center LLC
True Warrior Way, LLC
Ingenious Cloud Solutions Inc
Gallagher Tool & Instrument LLC
Second Chance LLC
Industry PPP Comparison Statistics
Nationwide, 86,245 businesses in the "Unclassified Establishments" industry received a total of $3,723,225,376.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Home Services Holding Group, LLC's reported 250 employees, and received an average PPP loan of $43,170, 99% lower than this company's loan of $3.23M.
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. 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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