PPP Loan Data — Kimberly Bailey, Inc, Clinton, WA
Kimberly Bailey, Inc is a corporation located at 11042 State Route 525 Ste 122 in Clinton, Washington that received a Coronavirus-related PPP loan from the SBA of $47,142.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Kimberly Bailey, Inc in Clinton, WA received a Paycheck Protection Loan of $47,142 through Quontic Bank, which was approved in July, 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, Kimberly Bailey, Inc's 2019 payroll expenses are estimated to be at least $226,282.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,406 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kimberly Bailey, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,142
Business Information - Kimberly Bailey, Inc in Clinton, WA
11042 State Route 525 Ste 122
Clinton, WA 98236
Theater Companies and Dinner Theaters
NAICS code 711110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 6,585 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $649.55M 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 16 employees, 23% higher than Kimberly Bailey, Inc's reported 13 employees, and received an average PPP loan of $98,641, 109% higher than this company's loan of $47,142.
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Footnotes & Information
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