PPP Loan Data — JSH Properties, Inc, Redmond, WA
JSH Properties, Inc is a corporation located at 7325 166th Ave Ne Suite F260 in Redmond, Washington that received a Coronavirus-related PPP loan from the SBA of $1,678,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
JSH Properties, Inc in Redmond, WA received a Paycheck Protection Loan of $1.68M through Umpqua Bank, 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, JSH Properties, Inc's 2019 payroll expenses are estimated to be at least $8.06M.
Based on their reported 87 jobs retained, this equals an estimated average yearly compensation of $92,618 per employee1
Reported PPP Proceed Usage:
On the PPP application, JSH Properties, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,678,700
Business Information - JSH Properties, Inc in Redmond, WA
7325 166th Ave Ne Suite F260
Redmond, WA 98052
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Redmond
In the Redmond area, 48 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 87) and received an average PPP loan of $58,668 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
Jing Ding Realty LLC
Beck Real Estate Group LLC
Palm Dogs LLC DBA Robertson Real Estate Group
Eastside Real Estate Sales Groupllc
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B 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 2 employees, 98% lower than JSH Properties, Inc's reported 87 employees, and received an average PPP loan of $22,469, 99% lower than this company's loan of $1.68M.
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Footnotes & Information
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