PPP Loan Data — Tri-Med Ambulance, LLC, Kent, WA
Tri-Med Ambulance, LLC is a limited liability company (LLC) located at 18821 East Valley Highway in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $2,035,009.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 239 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Tri-Med Ambulance, LLC in Kent, WA received a Paycheck Protection Loan of $2.04M through KeyBank National Association, which was approved in April, 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, Tri-Med Ambulance, LLC's 2019 payroll expenses are estimated to be at least $9.77M.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $40,870 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tri-Med Ambulance, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,035,009
Business Information - Tri-Med Ambulance, LLC in Kent, WA
18821 East Valley Highway
Kent, WA 98032
NAICS code 621910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Kent
In the Kent area, 2 businesses in the "Ambulance Services" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 239) and received an average PPP loan of $1,027,905 (compared to this company's $2.04M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,341 businesses in the "Ambulance Services" industry received a total of $860.13M 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 36 employees, 85% lower than Tri-Med Ambulance, LLC's reported 239 employees, and received an average PPP loan of $257,448, 87% lower than this company's loan of $2.04M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!