PPP Loan Data — Spokane Valley Pizza LLC, Mukilteo, WA
Spokane Valley Pizza LLC is a limited liability company (LLC) located at 1221 Harbour Reach Dr. #200 in Mukilteo, Washington that received a Coronavirus-related PPP loan from the SBA of $1,615,886.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Spokane Valley Pizza LLC in Mukilteo, WA received a Paycheck Protection Loan of $1.62M through KeyBank National Association, 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 June, 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, Spokane Valley Pizza LLC's 2019 payroll expenses are estimated to be at least $7.76M.
Based on their reported 449 jobs retained, this equals an estimated average yearly compensation of $17,275 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spokane Valley Pizza LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,615,886
Business Information - Spokane Valley Pizza LLC in Mukilteo, WA
1221 Harbour Reach Dr. #200
Mukilteo, WA 98275
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mukilteo
In the Mukilteo area, 23 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 449) and received an average PPP loan of $543,708 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Columbia Basin Pizza Hut, Inc
Corporate Cafe Inc
Berry Investment Group, LTD
Rogelio Martinez-Reynosa DBA Chapala
Mount Vernon, WA
Gomez Northwest Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 95% lower than Spokane Valley Pizza LLC's reported 449 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.62M.
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Footnotes & Information
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