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PPP Loan Data — Spur Group Inc., The, Redmond, WA

SBA PPP loan data, payroll data, and salaries for Spur Group Inc., The
WA

Spur Group Inc., The

Entity: Corporation

Industry: Marketing Consulting Services

Location: Redmond, WA

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Spur Group Inc., The is a corporation located at 5020 148th Ave Ne Ste 200 in Redmond, Washington that received a Coronavirus-related PPP loan from the SBA of $3,141,935.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.14M

Jobs Retained:

228

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Spur Group Inc., The received a Paycheck Protection Loan of $3.14M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Spur Group Inc., The's total 2019 payroll expenses were approximately $15.08M in order to qualify for the PPP loan amount received.

Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $66,146 per employee1.

Because the loan received by Spur Group Inc., The is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Spur Group Inc., The in Redmond, WA

Spur Group Inc., The
5020 148th Ave Ne Ste 200
Redmond, WA 98052

Business Industry

Marketing Consulting Services (NAICS code 541613)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-01

Similar Companies near Redmond

In the Redmond area, 14 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 228) and received an average PPP loan of $408,207 (compared to this company's $3.14M).

Industry PPP Comparison Statistics

Nationwide, 30,514 businesses in the "Marketing Consulting Services" industry received a total of $1,952,010,997.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Spur Group Inc., The's reported 228 employees, and received an average PPP loan of $63,971, 98% lower than this company's loan of $3.14M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/spur-group-inc-the-redmond-wa