PPP Loan Data — Venture 5499 LLC, Bellingham, WA
Venture 5499 LLC is a limited liability company (LLC) located at 4152 Meridian St, #105 #105 in Bellingham, Washington that received a Coronavirus-related PPP loan from the SBA of $25,092.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Venture 5499 LLC in Bellingham, WA received a Paycheck Protection Loan of $25,092 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Venture 5499 LLC's 2019 payroll expenses are estimated to be at least $120,442.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,074 per employee1
Reported PPP Proceed Usage:
On the PPP application, Venture 5499 LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,074
- Rent: $5,018
Business Information - Venture 5499 LLC in Bellingham, WA
4152 Meridian St, #105 #105
Bellingham, WA 98226
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bellingham
In the Bellingham area, 30 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $30,081 (compared to this company's $25,092).
Similar Nearby Businesses Who Received PPP Funding:
JMS Anesthesia LLC
Venture 2472 LLC
Act III Referral Services, Inc
Nikoo Products Inc
Pure Bliss Desserts LLC
Gold Town LLC
Sidhu Holdings LTD
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 67% higher than Venture 5499 LLC's reported 6 employees, and received an average PPP loan of $42,878, 71% higher than this company's loan of $25,092.
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Footnotes & Information
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