PPP Loan Data — Pacific Northwest Hotels Inc, Seatac, WA
Pacific Northwest Hotels Inc is a subchapter s corporation located at 19445 International Blvd in Seatac, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
The company has reported itself as a female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Pacific Northwest Hotels Inc in Seatac, WA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in July, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 Northwest Hotels Inc's 2019 payroll expenses are estimated to be at least $120,000 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Pacific Northwest Hotels Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Pacific Northwest Hotels Inc in Seatac, WA
19445 International Blvd
Seatac, WA 98188
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seatac
In the Seatac area, 55 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 1) and received an average PPP loan of $428,155 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Cascade Hospitality, LLC
Swiss Hotels 786 LLC
Coast Gateway LLC
Hospitality First, Inc
Nijjer Enteprises LLC
The Dow Hotel Company LLC
Seatac Hotels, LLC
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 2200% higher than Pacific Northwest Hotels Inc's reported 1 employees, and received an average PPP loan of $168,829, 575% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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