PPP Loan Data — Trio Northwest Business Solutions, Renton, WA
Trio Northwest Business Solutions is a corporation located at 10700 Se 174th St Ste 101 in Renton, Washington that received a Coronavirus-related PPP loan from the SBA of $46,493.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Columbia State Bank
Trio Northwest Business Solutions in Renton, WA received a Paycheck Protection Loan of $46,493 through Columbia State Bank, 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, Trio Northwest Business Solutions' 2019 payroll expenses are estimated to be at least $223,166.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,792 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trio Northwest Business Solutions reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,493
Business Information - Trio Northwest Business Solutions in Renton, WA
10700 Se 174th St Ste 101
Renton, WA 98055
NAICS code 541810
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Renton
In the Renton area, 3 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $36,702 (compared to this company's $46,493).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 75% higher than Trio Northwest Business Solutions' reported 4 employees, and received an average PPP loan of $99,714, 114% higher than this company's loan of $46,493.
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Footnotes & Information
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