PPP Loan Data — Jeff Pat Chris LLC, Shoreline, WA
Jeff Pat Chris LLC is a limited liability company (LLC) located at 17720 15th Ave Ne in Shoreline, Washington that received a Coronavirus-related PPP loan from the SBA of $3,127,500.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF THE PACIFIC
Jeff Pat Chris LLC in Shoreline, WA received a Paycheck Protection Loan of $3.13M through BANK OF THE PACIFIC, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jeff Pat Chris LLC's total 2019 payroll expenses were approximately $15.01M in order to qualify for the PPP loan amount received.
Based on their reported 426 jobs retained, this equals an estimated average yearly compensation of $35,239 per employee1.
Business Information - Jeff Pat Chris LLC in Shoreline, WA
17720 15th Ave Ne
Shoreline, WA 98155
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-07
Similar Companies near Shoreline
In the Shoreline area, 8 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 426) and received an average PPP loan of $446,507 (compared to this company's $3.13M).
Similar Nearby Businesses Who Received PPP Funding:
Coffee Cave LLC
Hubco Shoreline LLC
Bread & Bears LLC
Lake Forest Park, WA
Lake Forest Park, WA
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Jeff Pat Chris LLC's reported 426 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3.13M.
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, and is published unmodified, as provided by the SBA.
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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