PPP Loan Data — T Bailey, Inc, Anacortes, WA
T Bailey, Inc
Location: Anacortes, WATweet This • Search All PPP Data
T Bailey, Inc is a corporation located at 9628 South March Point Road in Anacortes, Washington that received a Coronavirus-related PPP loan from the SBA of $2,011,230.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 112 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
T Bailey, Inc in Anacortes, WA received a Paycheck Protection Loan of $2.01M through U.S. Bank, National Association, which was approved in April, 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, T Bailey, Inc's 2019 payroll expenses are estimated to be at least $9.65M.
Based on their reported 112 jobs retained, this equals an estimated average yearly compensation of $86,196 per employee1
Reported PPP Proceed Usage:
On the PPP application, T Bailey, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,011,230
Business Information - T Bailey, Inc in Anacortes, WA
9628 South March Point Road
Anacortes, WA 98221
Commercial and Institutional Building Construction
NAICS code 236220
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 Anacortes
In the Anacortes area, 5 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 112) and received an average PPP loan of $474,438 (compared to this company's $2.01M).
Similar Nearby Businesses Who Received PPP Funding:
Jordon Walton DBA Walton Tile
Quantum Construction, Inc
Mccool Construction Company
Crater Lake Enterprises LLC
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 89% lower than T Bailey, Inc's reported 112 employees, and received an average PPP loan of $157,325, 92% lower than this company's loan of $2.01M.
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Footnotes & Information
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