PPP Loan Data — Melissa J Lacy LLC, Tacoma, WA
Melissa J Lacy LLC is a limited liability company (LLC) located at 2213 E 67th St in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Melissa J Lacy LLC in Tacoma, WA received a Paycheck Protection Loan of $25,000 through KeyBank National Association, which was approved in May, 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, Melissa J Lacy LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Melissa J Lacy LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Melissa J Lacy LLC in Tacoma, WA
2213 E 67th St
Tacoma, WA 98404
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tacoma
In the Tacoma area, 21 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 4) and received an average PPP loan of $14,414 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
KIT Trucking LLC
Francis G Githambo
PAA Kwaku Tenkorang
EM & Em Transportation LLC
Abdul Hakim Ali Mussid
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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, the same amount reported by Melissa J Lacy LLC and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!