PPP Loan Data — Thrive Communities Management LLC, Seattle, WA
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.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Thrive Communities Management LLC in Seattle, WA received a Paycheck Protection Loan of $4.38M through Zions Bank, A Division of, 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 July, 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, Thrive Communities Management LLC's 2019 payroll expenses are estimated to be at least $21.01M.
Based on their reported 388 jobs retained, this equals an estimated average yearly compensation of $54,156 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thrive Communities Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,377,600
Business Information - Thrive Communities Management LLC in Seattle, WA
1518 1st Ave S
Seattle, WA 98134
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Thrive Communities Management LLC.
Venture General Contracting LLC
New Multifamily Housing Construction (except For-Sale Builders)
Similar Companies near Seattle
In the Seattle area, 7 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 388) and received an average PPP loan of $696,939 (compared to this company's $4.38M).
Similar Nearby Businesses Who Received PPP Funding:
Rise Properties Master Partnership Holdings Inc
Nexgen Housing Partners LLC
Industry PPP Comparison Statistics
Nationwide, 35,979 businesses in the "Residential Property Managers" industry received a total of $3.03B 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 9 employees, 98% lower than Thrive Communities Management LLC's reported 388 employees, and received an average PPP loan of $84,237, 98% lower than this company's loan of $4.38M.
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Footnotes & Information
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