PPP Loan Data — Senior Services Of Snohomish County, Lynnwood, WA
Senior Services Of Snohomish County
Entity: Non-profit Organization
Location: Lynnwood, WATweet This • Search All PPP Data
Senior Services Of Snohomish County is a non-profit organization located at 5026 196th St Sw in Lynnwood, Washington that received a Coronavirus-related PPP loan from the SBA of $2,103,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Senior Services Of Snohomish County in Lynnwood, WA received a Paycheck Protection Loan of $2.1M through HomeStreet 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, Senior Services Of Snohomish County's 2019 payroll expenses are estimated to be at least $10.1M.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $52,860 per employee1
Reported PPP Proceed Usage:
On the PPP application, Senior Services Of Snohomish County reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,103,400
Business Information - Senior Services Of Snohomish County in Lynnwood, WA
5026 196th St Sw
Lynnwood, WA 98036
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lynnwood
In the Lynnwood area, 11 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 191) and received an average PPP loan of $231,664 (compared to this company's $2.1M).
Similar Nearby Businesses Who Received PPP Funding:
Kidy Heaven Afh
Puget Sound Guardians
1ST Home Of Happiness Afh LLC
Patterns Behavioral Service Colorado Inc
Advocate Nursing Services LLC
Patterns North Carolina Inc
Sunwest Adult Family Home LLC
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 86% lower than Senior Services Of Snohomish County's reported 191 employees, and received an average PPP loan of $160,784, 92% lower than this company's loan of $2.1M.
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Footnotes & Information
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