PPP Loan Data — Northwest Restaurants Inc, Woodinville, WA
Northwest Restaurants Inc is a corporation located at 18815 139th Ave Ne in Woodinville, Washington that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:PLAINS COMMERCE BANK
Northwest Restaurants Inc received a Paycheck Protection Loan of $10M through PLAINS COMMERCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northwest Restaurants Inc's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Northwest Restaurants Inc in Woodinville, WA
18815 139th Ave Ne
Woodinville, WA 98072
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-01
Similar Companies near Woodinville
In the Woodinville area, 12 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 500) and received an average PPP loan of $1,213,233 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
CSC Woodinville LLC
Route 522 Taproom Inc
Pita Crush LLC
Golden Spike Restaurants LLC
HO HO 2017, Inc.
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Northwest Restaurants Inc's reported 500 employees, and received an average PPP loan of $120,904, 99% lower than this company's loan of $10M.
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