PPP Loan Data — MTR Western, LLC, Seattle, WA
MTR Western, LLC is a limited liability company (LLC) located at 720 S Forest St in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $3,200,700.00 in April, 2020.
$ PPP Loan Information
MTR Western, LLC received a Paycheck Protection Loan of $3.2M through HOMESTREET BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, MTR Western, LLC's total 2019 payroll expenses were approximately $15.36M in order to qualify for the PPP loan amount received.
Based on their reported 313 jobs retained, this equals an estimated average yearly compensation of $49,084 per employee1.
Business Information - MTR Western, LLC in Seattle, WA
720 S Forest St
Seattle, WA 98134
Charter Bus Industry (NAICS code 485510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-07
Similar Companies near Seattle
In the Seattle area, 2 businesses in the "Charter Bus Industry" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 313) and received an average PPP loan of $1,602,805 (compared to this company's $3.2M).
Similar Nearby Businesses Who Received PPP Funding:
Presidential Transportation LLC
Industry PPP Comparison Statistics
Nationwide, 953 businesses in the "Charter Bus Industry" industry received a total of $187,940,267.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, 92% lower than MTR Western, LLC's reported 313 employees, and received an average PPP loan of $197,209, 94% lower than this company's loan of $3.2M.
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.
Footnotes & Information
1. 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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