PPP Loan Data — ROK Telecom 1, LLC, Seattle, WA
ROK Telecom 1, LLC is a limited liability company (LLC) located at 1518 3rd Ave in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
ROK Telecom 1, LLC in Seattle, WA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, 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, ROK Telecom 1, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, ROK Telecom 1, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,000
- Rent: $10,000
Business Information - ROK Telecom 1, LLC in Seattle, WA
1518 3rd Ave
Seattle, WA 98101
Telephone Answering Services
NAICS code 561421
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,209 businesses in the "Telephone Answering Services" industry received a total of $145.64M 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, 150% higher than ROK Telecom 1, LLC's reported 4 employees, and received an average PPP loan of $65,931, 164% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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