PPP Loan Data — Saratoga Northwest Corporation, Clinton, WA
Saratoga Northwest Corporation is a corporation located at 11042 Sr 525 Suite 218 in Clinton, Washington that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Saratoga Northwest Corporation in Clinton, WA received a Paycheck Protection Loan of $25,100 through Banner Bank, which was approved in April, 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, Saratoga Northwest Corporation's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Saratoga Northwest Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Saratoga Northwest Corporation in Clinton, WA
11042 Sr 525 Suite 218
Clinton, WA 98236
Lessors of Miniwarehouses and Self-Storage Units
NAICS code 531130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,655 businesses in the "Lessors of Miniwarehouses and Self-Storage Units" industry received a total of $194.63M 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 6 employees, 200% higher than Saratoga Northwest Corporation's reported 2 employees, and received an average PPP loan of $41,810, 67% higher than this company's loan of $25,100.
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Footnotes & Information
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