PPP Loan Data — SIG Brewing Company, LLC, Tacoma, WA
SIG Brewing Company, LLC is a limited liability company (LLC) located at 2534 Tacoma Ave S in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $25,313.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
SIG Brewing Company, LLC in Tacoma, WA received a Paycheck Protection Loan of $25,313 through TwinStar CU, which was approved in May, 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 February, 2021.
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, SIG Brewing Company, LLC's 2019 payroll expenses are estimated to be at least $121,502.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,501 per employee1
Reported PPP Proceed Usage:
On the PPP application, SIG Brewing Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,313
Business Information - SIG Brewing Company, LLC in Tacoma, WA
2534 Tacoma Ave S
Tacoma, WA 98402
NAICS code 312120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tacoma
In the Tacoma area, 6 businesses in the "Breweries" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $78,856 (compared to this company's $25,313).
Similar Nearby Businesses Who Received PPP Funding:
ODD Otter Brewing Company, LLC
7 Seas Brewing LLC
E9 Brewery, LLC
Dunagan Brewing Incorporated
Dystopian State Brewing Company LLC
Industry PPP Comparison Statistics
Nationwide, 5,425 businesses in the "Breweries" industry received a total of $608.38M 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 17 employees, 467% higher than SIG Brewing Company, LLC's reported 3 employees, and received an average PPP loan of $112,144, 343% higher than this company's loan of $25,313.
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Footnotes & Information
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