PPP Loan Data — The Framemaker, Anacortes, WA
Entity: Sole Proprietorship
Location: Anacortes, WATweet This • Search All PPP Data
The Framemaker is a sole proprietorship located at 420 Commercial Avenue in Anacortes, Washington that received a Coronavirus-related PPP loan from the SBA of $24,807.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
The Framemaker in Anacortes, WA received a Paycheck Protection Loan of $24,807 through Wells Fargo Bank, National Association, which was approved in May, 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 April, 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, The Framemaker's 2019 payroll expenses are estimated to be at least $119,074.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,537 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Framemaker reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,807
Business Information - The Framemaker in Anacortes, WA
420 Commercial Avenue
Anacortes, WA 98221
Other Personal and Household Goods Repair and Maintenance
NAICS code 811490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Anacortes
In the Anacortes area, 13 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $47,407 (compared to this company's $24,807).
Similar Nearby Businesses Who Received PPP Funding:
Anders Sign Company
Mico Holdings, LLC
Scott A Soes DBA Anders Sign Company
Tara Hakenson DBA My Tailor
Haus Home And Yacht LLC
Marinetec Us LLC
Industry PPP Comparison Statistics
Nationwide, 26,317 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a total of $687.28M 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 3 employees, 50% higher than The Framemaker's reported 2 employees, and received an average PPP loan of $26,116, 5% higher than this company's loan of $24,807.
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Footnotes & Information
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