PPP Loan Data — The Neiders Company, Seattle, WA
The Neiders Company is a limited liability company (LLC) located at 1120 E Terrace St #300 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $1,872,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
The Neiders Company in Seattle, WA received a Paycheck Protection Loan of $1.87M through Washington Trust Bank, 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 December, 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, The Neiders Company's 2019 payroll expenses are estimated to be at least $8.99M.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $48,062 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Neiders Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,872,400
Business Information - The Neiders Company in Seattle, WA
1120 E Terrace St #300
Seattle, WA 98122
All Other Traveler Accommodation
NAICS code 721199
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 20 businesses in the "All Other Traveler Accommodation" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 187) and received an average PPP loan of $140,351 (compared to this company's $1.87M).
Similar Nearby Businesses Who Received PPP Funding:
Seattle Vacation Home LLC
KC Rivers Investments LLC
T H Hong, LLC
FOB Poke Inc
Fresh Off Boat Inc
Industry PPP Comparison Statistics
Nationwide, 30,922 businesses in the "All Other Traveler Accommodation" industry received a total of $1.29B 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 6 employees, 97% lower than The Neiders Company's reported 187 employees, and received an average PPP loan of $41,836, 98% lower than this company's loan of $1.87M.
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Footnotes & Information
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