PPP Loan Data — Pegasus Book Exchange, Seattle, WA
Pegasus Book Exchange is a sole proprietorship located at 4553 California Ave. Sw in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Pegasus Book Exchange in Seattle, WA received a Paycheck Protection Loan of $47,100 through KeyBank National Association, which was approved in May, 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, Pegasus Book Exchange's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,216 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pegasus Book Exchange reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,100
Business Information - Pegasus Book Exchange in Seattle, WA
4553 California Ave. Sw
Seattle, WA 98116
NAICS code 451211
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 3 businesses in the "Book Stores" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $20,264 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,922 businesses in the "Book Stores" industry received a total of $202.49M 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 9 employees, 80% higher than Pegasus Book Exchange's reported 5 employees, and received an average PPP loan of $51,630, 10% higher than this company's loan of $47,100.
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Footnotes & Information
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