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PPP Loan Data — Thrive Communities Management LLC, Seattle, WA

SBA PPP loan data, payroll data, and salaries for Thrive Communities Management LLC
WA

Thrive Communities Management LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Property Managers

Location: Seattle, WA

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Thrive Communities Management LLC is a limited liability company (LLC) located at 1518 1st Ave S in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $4,377,600.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 388 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.38M

Jobs Retained:

388

Loan Approved:

2020-04-09

Lender:

ZIONS BANK, A DIVISION OF

Thrive Communities Management LLC received a Paycheck Protection Loan of $4.38M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Thrive Communities Management LLC's total 2019 payroll expenses were approximately $21.01M in order to qualify for the PPP loan amount received.

Based on their reported 388 jobs retained, this equals an estimated average yearly compensation of $54,156 per employee1.

Because the loan received by Thrive Communities Management LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Thrive Communities Management LLC in Seattle, WA

Thrive Communities Management LLC
1518 1st Ave S
Seattle, WA 98134

Business Industry

Residential Property Managers (NAICS code 531311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: WA-07

Similar Companies near Seattle

In the Seattle area, 3 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 388) and received an average PPP loan of $1,532,114 (compared to this company's $4.38M).

Industry PPP Comparison Statistics

Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 97% lower than Thrive Communities Management LLC's reported 388 employees, and received an average PPP loan of $114,517, 97% lower than this company's loan of $4.38M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/thrive-communities-management-llc-seattle-wa