PPP Loan Data — Seattle Soccer LLC, Seattle, WA
Seattle Soccer LLC is a limited liability company (LLC) located at 159 S Jackson St Suite 200 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,781,400.00 in April, 2020.
$ PPP Loan Information
Lender:WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION
Seattle Soccer LLC in Seattle, WA received a Paycheck Protection Loan of $2.78M through WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Seattle Soccer LLC's total 2019 payroll expenses were approximately $13.35M in order to qualify for the PPP loan amount received.
Based on their reported 238 jobs retained, this equals an estimated average yearly compensation of $56,095 per employee1.
Business Information - Seattle Soccer LLC in Seattle, WA
159 S Jackson St Suite 200
Seattle, WA 98104
Sports Teams and Clubs (NAICS code 711211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-07
Similar Companies near Seattle
In the Seattle area, 2 businesses in the "Sports Teams and Clubs" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 238) and received an average PPP loan of $1,393,544 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Global Soccer Networks LLC
Industry PPP Comparison Statistics
Nationwide, 3,054 businesses in the "Sports Teams and Clubs" industry received a total of $220,811,171.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than Seattle Soccer LLC's reported 238 employees, and received an average PPP loan of $72,302, 97% lower than this company's loan of $2.78M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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