PPP Loan Data — Indi Chocolate LLC, Seattle, WA
Indi Chocolate LLC
Entity: Limited Liability Company (LLC)
Location: Seattle, WATweet This • Search All PPP Data
Indi Chocolate LLC is a limited liability company (LLC) located at 1901 Western Ave. Ste D in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $46,893.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Boeing Empl CU
Indi Chocolate LLC in Seattle, WA received a Paycheck Protection Loan of $46,893 through Boeing Empl CU, 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Indi Chocolate LLC's 2019 payroll expenses are estimated to be at least $225,086.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,272 per employee1
Reported PPP Proceed Usage:
On the PPP application, Indi Chocolate LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,893
Business Information - Indi Chocolate LLC in Seattle, WA
1901 Western Ave. Ste D
Seattle, WA 98101
Confectionery Manufacturing from Purchased Chocolate
NAICS code 311352
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 2 businesses in the "Confectionery Manufacturing from Purchased Chocolate" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $34,481 (compared to this company's $46,893).
Similar Nearby Businesses Who Received PPP Funding:
Joe Chocolates Company
Industry PPP Comparison Statistics
Nationwide, 756 businesses in the "Confectionery Manufacturing from Purchased Chocolate" industry received a total of $132.9M 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 23 employees, 475% higher than Indi Chocolate LLC's reported 4 employees, and received an average PPP loan of $175,793, 275% higher than this company's loan of $46,893.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!