PPP Loan Data — Superior Self Storage, Inc, Seattle, WA
Superior Self Storage, Inc is a subchapter s corporation located at 832 Nw 48th St in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $45,845.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Superior Self Storage, Inc in Seattle, WA received a Paycheck Protection Loan of $45,845 through Quontic Bank, which was approved in June, 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, Superior Self Storage, Inc's 2019 payroll expenses are estimated to be at least $220,056.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, Superior Self Storage, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,845
Business Information - Superior Self Storage, Inc in Seattle, WA
832 Nw 48th St
Seattle, WA 98107
General Warehousing and Storage
NAICS code 493110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 2 businesses in the "General Warehousing and Storage" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $180,870 (compared to this company's $45,845).
Similar Nearby Businesses Who Received PPP Funding:
Sea Pac Transport Services LLC
Industry PPP Comparison Statistics
Nationwide, 4,995 businesses in the "General Warehousing and Storage" industry received a total of $771.67M 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 Superior Self Storage, Inc's reported 3 employees, and received an average PPP loan of $154,488, 237% higher than this company's loan of $45,845.
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Footnotes & Information
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