PPP Loan Data — Tacoma RV Center, Inc, Fife, WA
Tacoma RV Center, Inc is a subchapter s corporation located at 6300 Pacific Hwy E in Fife, Washington that received a Coronavirus-related PPP loan from the SBA of $1,646,335.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Tacoma RV Center, Inc in Fife, WA received a Paycheck Protection Loan of $1.65M through Manufacturers and Traders Trust Company, 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 March, 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, Tacoma RV Center, Inc's 2019 payroll expenses are estimated to be at least $7.9M.
Based on their reported 109 jobs retained, this equals an estimated average yearly compensation of $72,499 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tacoma RV Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,341,046
- Utilities: $35,000
- Mortgage Interest: $19,140
- Rent: $120,000
- Health Care: $81,020
- Debt Interest: $50,129
Business Information - Tacoma RV Center, Inc in Fife, WA
6300 Pacific Hwy E
Fife, WA 98424
Recreational Vehicle Dealers
NAICS code 441210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fife
In the Fife area, 4 businesses in the "Recreational Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 109) and received an average PPP loan of $714,904 (compared to this company's $1.65M).
Similar Nearby Businesses Who Received PPP Funding:
Fife RV, Inc
Industry PPP Comparison Statistics
Nationwide, 3,035 businesses in the "Recreational Vehicle Dealers" industry received a total of $471.71M 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 15 employees, 86% lower than Tacoma RV Center, Inc's reported 109 employees, and received an average PPP loan of $155,422, 91% lower than this company's loan of $1.65M.
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Footnotes & Information
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