PPP Loan Data — Ryan K Abe, Burien, WA
Ryan K Abe is a sole proprietorship located at 142 Sw 154th St in Burien, Washington that received a Coronavirus-related PPP loan from the SBA of $47,045.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Ryan K Abe in Burien, WA received a Paycheck Protection Loan of $47,045 through Bank of America, National Association, which was approved in June, 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, Ryan K Abe's 2019 payroll expenses are estimated to be at least $225,816.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,272 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ryan K Abe reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,045
Business Information - Ryan K Abe in Burien, WA
142 Sw 154th St
Burien, WA 98166
Dental Equipment and Supplies Manufacturing
NAICS code 339114
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,091 businesses in the "Dental Equipment and Supplies Manufacturing" industry received a total of $165.27M 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 13 employees, 333% higher than Ryan K Abe's reported 3 employees, and received an average PPP loan of $151,484, 222% higher than this company's loan of $47,045.
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Footnotes & Information
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