PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Rick Steve's Europe Inc, Edmonds, WA

ALERT: There are 2 PPP loans for a total of $3.77M in our database for businesses with the name "Rick Steve's Europe Inc" in Edmonds, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Rick Steve's Europe Inc
WA

Rick Steve's Europe Inc

Entity: Corporation

Industry: Travel Agencies

Location: Edmonds, WA

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Rick Steve's Europe Inc is a corporation located at 130 4th Ave N in Edmonds, Washington that received a Coronavirus-related PPP loan from the SBA of $1,886,367.00 in January, 2021.

$ PPP Loan Information
Loan #7169378309

Loan Size:

$1.89M

Jobs Retained:

95

Loan Approved:

2021-01-28

Loan Status:

Ongoing Loan

Lender:

Sunwest Bank

Rick Steve's Europe Inc in Edmonds, WA received a Paycheck Protection Loan of $1.89M through Sunwest Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Rick Steve's Europe Inc's 2019 payroll expenses are estimated to be at least $9.05M.

Based on their reported 95 jobs retained, this equals an estimated average yearly compensation of $95,311 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rick Steve's Europe Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,886,367

Business Information - Rick Steve's Europe Inc in Edmonds, WA

Rick Steve's Europe Inc
130 4th Ave N
Edmonds, WA 98020

Business Industry:
Travel Agencies
NAICS code 561510

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Snohomish County, WA — SBA Office 1013 — Congressional District: WA-07

Similar Companies near Edmonds

In the Edmonds area, 4 businesses in the "Travel Agencies" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 95) and received an average PPP loan of $539,645 (compared to this company's $1.89M).

Industry PPP Comparison Statistics

Nationwide, 21,141 businesses in the "Travel Agencies" industry received a total of $882.75M 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 4 employees, 96% lower than Rick Steve's Europe Inc's reported 95 employees, and received an average PPP loan of $41,755, 98% lower than this company's loan of $1.89M.

SBA PPP loan data, payroll data, and salaries for Rick Steves' Europe Inc
WA

Rick Steves' Europe Inc

Entity: Corporation

Industry: Scenic and Sightseeing Transportation, Other

Location: Edmonds, WA

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Rick Steves' Europe Inc is a corporation located at 130 4th Ave N in Edmonds, Washington that received a Coronavirus-related PPP loan from the SBA of $1,886,367.00 in April, 2020.

$ PPP Loan Information
Loan #1882917209

Loan Size:

$1.89M

Jobs Retained:

126

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Rick Steves' Europe Inc in Edmonds, WA received a Paycheck Protection Loan of $1.89M through Bank of America, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Rick Steves' Europe Inc's 2019 payroll expenses are estimated to be at least $9.05M.

Based on their reported 126 jobs retained, this equals an estimated average yearly compensation of $71,862 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rick Steves' Europe Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,886,367

Business Information - Rick Steves' Europe Inc in Edmonds, WA

Rick Steves' Europe Inc
130 4th Ave N
Edmonds, WA 98020

Business Industry:
Scenic and Sightseeing Transportation, Other
NAICS code 487990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Snohomish County, WA — SBA Office 1013 — Congressional District: WA-07

Industry PPP Comparison Statistics

Nationwide, 563 businesses in the "Scenic and Sightseeing Transportation, Other" industry received a total of $40.85M 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, 93% lower than Rick Steves' Europe Inc's reported 126 employees, and received an average PPP loan of $72,559, 96% lower than this company's loan of $1.89M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rick-steves-europe-inc-edmonds-wa