PPP Loan Data — Raising The Barre LLC, Redmond, WA
Raising The Barre LLC is a subchapter s corporation located at 7525 166th Ave Ne in Redmond, Washington that received a Coronavirus-related PPP loan from the SBA of $25,101.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Raising The Barre LLC in Redmond, WA received a Paycheck Protection Loan of $25,101 through U.S. Bank, National Association, 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 July, 2020.
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, Raising The Barre LLC's 2019 payroll expenses are estimated to be at least $120,485.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $7,530 per employee1
Reported PPP Proceed Usage:
On the PPP application, Raising The Barre LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,101
Business Information - Raising The Barre LLC in Redmond, WA
7525 166th Ave Ne
Redmond, WA 98052
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Redmond
In the Redmond area, 33 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 16) and received an average PPP loan of $60,817 (compared to this company's $25,101).
Similar Nearby Businesses Who Received PPP Funding:
RMD Community Sports Association
Northwest Wellness And Fitness, LLC
Zelaron Investments, LLC
Redwood Golf Center
Redmond Pilates LLC
Redmond Tennis Club
Fitness NW, LLC
Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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 12 employees, 25% lower than Raising The Barre LLC's reported 16 employees, and received an average PPP loan of $47,823, 91% higher than this company's loan of $25,101.
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Footnotes & Information
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