PPP Loan Data — Pars Group, LLC, Kirkland, WA
Pars Group, LLC is a limited liability company (LLC) located at 11411 Ne 124th St in Kirkland, Washington that received a Coronavirus-related PPP loan from the SBA of $3,392,200.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Pars Group, LLC received a Paycheck Protection Loan of $3.39M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pars Group, LLC's total 2019 payroll expenses were approximately $16.28M 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 $32,565 per employee1.
Business Information - Pars Group, LLC in Kirkland, WA
11411 Ne 124th St
Kirkland, WA 98034
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WA-01
Similar Companies near Kirkland
In the Kirkland area, 24 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 500) and received an average PPP loan of $387,126 (compared to this company's $3.39M).
Similar Nearby Businesses Who Received PPP Funding:
Divinity Coffee Co
I Love Teriyaki
YK Hong Corporation
Zeitoon Grill LLC
Engberg Holding, LLC
Greenlight Crew LLC
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 Pars Group, LLC's reported 500 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3.39M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!