PPP Loan Data — Pawar Enterprises, Inc, Bellingham, WA
Pawar Enterprises, Inc is a corporation located at 4152 Meridian St #102 in Bellingham, Washington that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Pawar Enterprises, Inc in Bellingham, WA received a Paycheck Protection Loan of $25,200 through Peoples Bank, which was approved in April, 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 June, 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, Pawar Enterprises, Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pawar Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Pawar Enterprises, Inc in Bellingham, WA
4152 Meridian St #102
Bellingham, WA 98226
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bellingham
In the Bellingham area, 76 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 8) and received an average PPP loan of $103,929 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Mama Colophon, Inc
Kumar Passion Services Inc
Sirena Gelato, LLC
Galos Bellingham LLC
Hott Mess LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 163% higher than Pawar Enterprises, Inc's reported 8 employees, and received an average PPP loan of $100,980, 301% higher than this company's loan of $25,200.
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Footnotes & Information
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