PPP Loan Data — International Market Brands, Bellevue, WA
International Market Brands
Location: Bellevue, WATweet This • Search All PPP Data
International Market Brands is a corporation located at 14450 Ne 29th Pl in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $24,816.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
International Market Brands in Bellevue, WA received a Paycheck Protection Loan of $24,816 through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, International Market Brands' 2019 payroll expenses are estimated to be at least $119,117.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,706 per employee1
Reported PPP Proceed Usage:
On the PPP application, International Market Brands reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,816
Business Information - International Market Brands in Bellevue, WA
14450 Ne 29th Pl
Bellevue, WA 98007
Other Grocery and Related Products Merchant Wholesalers
NAICS code 424490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bellevue
In the Bellevue area, 4 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $44,812 (compared to this company's $24,816).
Similar Nearby Businesses Who Received PPP Funding:
City & Country Fine Tea
The French Bakery LLC
Industry PPP Comparison Statistics
Nationwide, 8,316 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $872.2M 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, 300% higher than International Market Brands' reported 3 employees, and received an average PPP loan of $104,882, 323% higher than this company's loan of $24,816.
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Footnotes & Information
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