FederalPay.org
PPP Loan Data — TIP Top Too LLC,
Vancouver, WA
TIP Top Too LLC
Entity: Corporation
Industry: Drinking Places (Alcoholic Beverages)
Location: Vancouver, WA
Tweet This
•
Search All PPP Data
TIP Top Too LLC is a corporation located at 2100 Main St in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $87,381.00 in February, 2021.
The company has reported itself as a White female owned business, and employed at least twelve people during the applicable loan loan period.
$
PPP Loan Information
Loan #4037438504
Loan Size:
Jobs Retained:
12Loan Approved:
2021-02-25Loan Status:
Paid in Full or ForgivenLender:
Umpqua BankTIP Top Too LLC in Vancouver, WA received a Paycheck Protection Loan of $87,381 through Umpqua Bank, which was approved in February, 2021.
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 October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, TIP Top Too LLC's 2019 payroll expenses are estimated to be at least $419,429.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $34,952 per employee1
Reported PPP Proceed Usage:
On the PPP application, TIP Top Too LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $87,378
- Utilities: $1
Business Information - TIP Top Too LLC in Vancouver, WA
2100 Main St
Vancouver, WA 98660
Business Industry:
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Vancouver
In the Vancouver area, 17 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 12) and received an average PPP loan of $151,505 (compared to this company's $87,381).
Similar Nearby Businesses Who Received PPP Funding:
Erickco Inc
Vancouver, WA
Six West Lounge LLC
Vancouver, WA
Vadicant LLC
Vancouver, WA
Think Thick LLC
Vancouver, WA
Brickhouse Bar And Grill LLC
Vancouver, WA
Ladybug 15, LLC
Vancouver, WA
Mr Andersen's LLC
Vancouver, WA
The Heavy Metal Brewing Co LLC
Vancouver, WA
Industry PPP Comparison Statistics
Nationwide, 46,380 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.8B 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 12 employees, the same amount reported by TIP Top Too LLC and received an average PPP loan of $60,266, 31% lower than this company's loan of $87,381.
TIP Top Too LLC
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Vancouver, WA
Tweet This
•
Search All PPP Data
TIP Top Too LLC is a corporation located at 2100 Main St in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $93,200.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least twelve people during the applicable loan loan period.
$
PPP Loan Information
Loan #8098367110
Loan Size:
Jobs Retained:
12Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Umpqua BankTIP Top Too LLC in Vancouver, WA received a Paycheck Protection Loan of $93,200 through Umpqua 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, TIP Top Too LLC's 2019 payroll expenses are estimated to be at least $447,360.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $37,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, TIP Top Too LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $93,200
Business Information - TIP Top Too LLC in Vancouver, WA
2100 Main St
Vancouver, WA 98660
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Vancouver
In the Vancouver area, 31 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 12) and received an average PPP loan of $312,246 (compared to this company's $93,200).
Similar Nearby Businesses Who Received PPP Funding:
Hawaiian Style Grill LLC
Vancouver, WA
Hero Systems Inc
Vancouver, WA
Foode Fresh LLC
Vancouver, WA
Water Lily Cafe
Vancouver, WA
Taqueria Los Alambres, LLC
Vancouver, WA
Jamie Erdman, LLC
Vancouver, WA
Java House Inc
Vancouver, WA
City Sandwich Company
Vancouver, WA
Industry PPP Comparison Statistics
Nationwide, 136,545 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 75% higher than TIP Top Too LLC's reported 12 employees, and received an average PPP loan of $101,556, 9% higher than this company's loan of $93,200.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!