PPP Loan Data — PHU Binh LLC, Bothell, WA
PHU Binh LLC is a corporation located at 4118 214th St Se in Bothell, Washington that received a Coronavirus-related PPP loan from the SBA of $25,256.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
PHU Binh LLC in Bothell, WA received a Paycheck Protection Loan of $25,256 through Bank of America, 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 April, 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, PHU Binh LLC's 2019 payroll expenses are estimated to be at least $121,229.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,246 per employee1
Reported PPP Proceed Usage:
On the PPP application, PHU Binh LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,256
Business Information - PHU Binh LLC in Bothell, WA
4118 214th St Se
Bothell, WA 98021
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bothell
In the Bothell area, 35 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $24,321 (compared to this company's $25,256).
Similar Nearby Businesses Who Received PPP Funding:
David C. Ryder, P.s
Ilana Yagudayev Agency, Inc
Jason Apple Counseling PLLC
Omnibroad Group LLC
Eggcellent Forces, LLC
Heat Seekers Infrared Imaging, Inc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 100% higher than PHU Binh LLC's reported 5 employees, and received an average PPP loan of $42,878, 70% higher than this company's loan of $25,256.
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Footnotes & Information
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