PPP Loan Data — Pacific Mat And Commercial Flooring LLC, Kent, WA
Pacific Mat And Commercial Flooring LLC is a limited liability company (LLC) located at 18414 80th Ct S in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $1,681,300.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Trust Bank
Pacific Mat And Commercial Flooring LLC in Kent, WA received a Paycheck Protection Loan of $1.68M through Washington Trust Bank, which was approved in January, 2021.
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, Pacific Mat And Commercial Flooring LLC's 2019 payroll expenses are estimated to be at least $8.07M.
Based on their reported 81 jobs retained, this equals an estimated average yearly compensation of $99,633 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Mat And Commercial Flooring LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,681,295
- Utilities: $1
Business Information - Pacific Mat And Commercial Flooring LLC in Kent, WA
18414 80th Ct S
Kent, WA 98032
NAICS code 238330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Kent
In the Kent area, 19 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 81) and received an average PPP loan of $391,575 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
Premium Paving LLC
Alliance Flooring Service Inc
WB Flooring Inc
G & W Commercial Flooring, Inc
Forever Quality Construction LLC
Southwest Hardwood Floors
Veronica Macias DBA Macias Carpet Installation
Industry PPP Comparison Statistics
Nationwide, 28,132 businesses in the "Flooring Contractors" industry received a total of $1.48B 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 5 employees, 94% lower than Pacific Mat And Commercial Flooring LLC's reported 81 employees, and received an average PPP loan of $52,734, 97% lower than this company's loan of $1.68M.
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Footnotes & Information
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