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PPP Loan Data — Kids Paradise Washington Inc,
Lynnwood, WA
Kids Paradise Washington Inc
Entity: Corporation
Industry: All Other Amusement and Recreation Industries
Location: Lynnwood, WA
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Kids Paradise Washington Inc is a corporation located at 3000 184th St Sw Ste 676 in Lynnwood, Washington that received a Coronavirus-related PPP loan from the SBA of $31,027.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least twelve people during the applicable loan loan period.
$
PPP Loan Information
Loan #3695318304
Loan Size:
Jobs Retained:
12Loan Approved:
2021-01-22Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationKids Paradise Washington Inc in Lynnwood, WA received a Paycheck Protection Loan of $31,027 through Bank of America, National Association, which was approved in January, 2021.
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 October, 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 MoreUnderstanding 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 MoreBased 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, Kids Paradise Washington Inc's 2019 payroll expenses are estimated to be at least $148,930.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $12,411 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kids Paradise Washington Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $31,024
- Utilities: $1
Business Information - Kids Paradise Washington Inc in Lynnwood, WA
3000 184th St Sw Ste 676
Lynnwood, WA 98037
Business Industry:
All Other Amusement and Recreation Industries
NAICS code 713990
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Lynnwood
In the Lynnwood area, 5 businesses in the "All Other Amusement and Recreation Industries" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 12) and received an average PPP loan of $74,857 (compared to this company's $31,027).
Similar Nearby Businesses Who Received PPP Funding:
The Howard Group Inc
Lynnwood, WA
Grouchy Bear LLC
Lynnwood, WA
Y.s. Lee Martial Arts, LLC
Lynnwood, WA
Cloud 9 Hookah Lounge LLC
Lynnwood, WA
Industry PPP Comparison Statistics
Nationwide, 25,668 businesses in the "All Other Amusement and Recreation Industries" industry received a total of $1.44B 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, the same amount reported by Kids Paradise Washington Inc and received an average PPP loan of $56,275, 81% higher than this company's loan of $31,027.
Kids Paradise Washington Inc
Entity: Corporation
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)
Location: Lynnwood, WA
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Kids Paradise Washington Inc is a corporation located at 3000 184th St Sw 676 in Lynnwood, Washington that received a Coronavirus-related PPP loan from the SBA of $31,027.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least twelve people during the applicable loan loan period.
$
PPP Loan Information
Loan #6967077306
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationKids Paradise Washington Inc in Lynnwood, WA received a Paycheck Protection Loan of $31,027 through Bank of America, National Association, 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 April, 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 MoreUnderstanding 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 MoreBased 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, Kids Paradise Washington Inc's 2019 payroll expenses are estimated to be at least $148,930.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $12,411 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kids Paradise Washington Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $31,027
Business Information - Kids Paradise Washington Inc in Lynnwood, WA
3000 184th St Sw 676
Lynnwood, WA 98037
Business Industry:
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Lynnwood
In the Lynnwood area, 47 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 12) and received an average PPP loan of $29,526 (compared to this company's $31,027).
Similar Nearby Businesses Who Received PPP Funding:
Bella's Voice
Lynnwood, WA
Maple Valley Signs LLC
Maple Valley, WA
Chinook Venture Group DBA Sinasoid Brands
Lynnwood, WA
Dekorasyon Gifts & Decor LLC
Lynnwood, WA
Scenic Dreams LLC
Maple Valley, WA
Finding Treasures
Lynnwood, WA
Michael Taylor
Maple Valley, WA
Audio One LLC
Lynnwood, WA
Industry PPP Comparison Statistics
Nationwide, 146,534 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.11B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 67% lower than Kids Paradise Washington Inc's reported 12 employees, and received an average PPP loan of $34,905, 12% higher than this company's loan of $31,027.
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.
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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