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PPP Loan Data — Sunrise Services, Inc., Everett, WA

SBA PPP loan data, payroll data, and salaries for Sunrise Services, Inc.
WA

Sunrise Services, Inc.

Entity: Corporation

Industry: Other Residential Care Facilities

Location: Everett, WA

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Sunrise Services, Inc. is a corporation located at 811 Madison St in Everett, Washington that received a Coronavirus-related PPP loan from the SBA of $5,364,600.00 in April, 2020.

The company has reported itself as a Black or african american female owned business.

$ PPP Loan Information

Loan Size:

$5.36M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

COASTAL COMMUNITY BANK

Sunrise Services, Inc. received a Paycheck Protection Loan of $5.36M through COASTAL COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sunrise Services, Inc.'s total 2019 payroll expenses were approximately $25.75M in order to qualify for the PPP loan amount received.

Unlike most businesses, Sunrise Services, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Sunrise Services, Inc. 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 - Sunrise Services, Inc. in Everett, WA

Sunrise Services, Inc.
811 Madison St
Everett, WA 98203

Business Industry

Other Residential Care Facilities (NAICS code 623990)

Business Owner Demographics

Race / Ethnicity: BLACK OR AFRICAN AMERICAN

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: WA-02

Similar Companies near Everett

In the Everett area, 2 businesses in the "Other Residential Care Facilities" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $2,707,300 (compared to this company's $5.36M).

Similar Nearby Businesses Who Received PPP Funding:

Washington Home Of Your Own
Everett, WA

$50,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,694 businesses in the "Other Residential Care Facilities" industry received a total of $666,350,372.00 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 29 employees, and received an average PPP loan of $247,346, 95% lower than this company's loan of $5.36M.

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.

Search FederalPay's Full PPP Loan Database

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/sunrise-services-inc-everett-wa