PPP Loan Data — Seattle Proton Center LLC, Seattle, WA
Seattle Proton Center LLC
Entity: Limited Liability Company (LLC)
Location: Seattle, WATweet This • Search All PPP Data
Seattle Proton Center LLC is a limited liability company (LLC) located at 1570 N 115th St in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $1,542,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
Seattle Proton Center LLC in Seattle, WA received a Paycheck Protection Loan of $1.54M through Washington Trust Bank, which was approved in April, 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 December, 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, Seattle Proton Center LLC's 2019 payroll expenses are estimated to be at least $7.41M.
Based on their reported 76 jobs retained, this equals an estimated average yearly compensation of $97,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Seattle Proton Center LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,542,800
Business Information - Seattle Proton Center LLC in Seattle, WA
1570 N 115th St
Seattle, WA 98133
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 18 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 76) and received an average PPP loan of $249,386 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Bong Sup Kim MD
A Home Away From Home In Seattle, LLC
Integrative Health Solutions, Inc PC
Bella Vita Afh
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 86% lower than Seattle Proton Center LLC's reported 76 employees, and received an average PPP loan of $119,087, 92% lower than this company's loan of $1.54M.
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Footnotes & Information
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