PPP Loan Data — Viking Construction Services, Seattle, WA
Viking Construction Services
Entity: Limited Liability Company (LLC)
Location: Seattle, WATweet This • Search All PPP Data
Viking Construction Services is a limited liability company (LLC) located at 4742 42nd Ave Sw in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $45,832.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Viking Construction Services in Seattle, WA received a Paycheck Protection Loan of $45,832 through U.S. 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, Viking Construction Services' 2019 payroll expenses are estimated to be at least $219,994.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $54,999 per employee1
Reported PPP Proceed Usage:
On the PPP application, Viking Construction Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,832
Business Information - Viking Construction Services in Seattle, WA
4742 42nd Ave Sw
Seattle, WA 98116
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 46 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $103,143 (compared to this company's $45,832).
Similar Nearby Businesses Who Received PPP Funding:
Josh Niederberger Contracting LTD
Better Builders LLC
Jake's D Corporation
Sound Builders NW
Erik's Woodwork Inc
Heldridge Construction, LLC
Steadfast Builders Inc
Alchemy Building Company LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than Viking Construction Services' reported 4 employees, and received an average PPP loan of $45,182, 1% lower than this company's loan of $45,832.
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Footnotes & Information
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