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PPP Loan Data — Jinbong88 LLC, Mukilteo, WA

SBA PPP loan data, payroll data, and salaries for Jinbong88 LLC

Jinbong88 LLC

Entity: Limited Liability Company (LLC)

Industry: Limited-Service Restaurants

Location: Mukilteo, WA

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Jinbong88 LLC is a limited liability company (LLC) located at 12199 Village Center Pl Ste 101 in Mukilteo, Washington that received a Coronavirus-related PPP loan from the SBA of $6,784.00 in March, 2021.

$ PPP Loan Information
Loan #6935128604

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Active Un-Disbursed


PPP Funds Undisbursed

Jinbong88 LLC in Mukilteo, WA received a Paycheck Protection Loan of $6,784 through WebBank, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $6,784 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Jinbong88 LLC's 2019 payroll expenses are estimated to be at least $32,563.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $16,282 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jinbong88 LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,778
  • Utilities: $1

Business Information - Jinbong88 LLC in Mukilteo, WA

Jinbong88 LLC
12199 Village Center Pl Ste 101
Mukilteo, WA 98275

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Snohomish County, WA — SBA Office 1013 — Congressional District: WA-02

Similar Companies near Mukilteo

In the Mukilteo area, 21 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 2) and received an average PPP loan of $594,521 (compared to this company's $6,784).

Industry PPP Comparison Statistics

Nationwide, 127,949 businesses in the "Limited-Service Restaurants" industry received a total of $13.48B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 1000% higher than Jinbong88 LLC's reported 2 employees, and received an average PPP loan of $105,388, 1453% higher than this company's loan of $6,784.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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 - The Civil Employee's Resource **