PPP Loan Data — Ridko LLC, Medical Lake, WA
Ridko LLC is a limited liability company (LLC) located at 1115 S Bartholomew St in Medical Lake, Washington that received a Coronavirus-related PPP loan from the SBA of $46,225.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Ridko LLC in Medical Lake, WA received a Paycheck Protection Loan of $46,225 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 February, 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, Ridko LLC's 2019 payroll expenses are estimated to be at least $221,880.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,490 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ridko LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,225
Business Information - Ridko LLC in Medical Lake, WA
1115 S Bartholomew St
Medical Lake, WA 99022
NAICS code 999990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Medical Lake
In the Medical Lake area, 3 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 12) and received an average PPP loan of $48,308 (compared to this company's $46,225).
Similar Nearby Businesses Who Received PPP Funding:
ASS Squeaky Make,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, 17% lower than Ridko LLC's reported 12 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $46,225.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!