PPP Loan Data — Volunteers Of America Western Washington, Everett, WA
Volunteers Of America Western Washington is a non-profit organization located at 2802 Broadway in Everett, Washington that received a Coronavirus-related PPP loan from the SBA of $2,541,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Volunteers Of America Western Washington in Everett, WA received a Paycheck Protection Loan of $2.54M through Peoples 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, Volunteers Of America Western Washington's 2019 payroll expenses are estimated to be at least $12.2M.
Based on their reported 342 jobs retained, this equals an estimated average yearly compensation of $35,670 per employee1
Reported PPP Proceed Usage:
On the PPP application, Volunteers Of America Western Washington reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,541,500
Business Information - Volunteers Of America Western Washington in Everett, WA
Everett, WA 98201
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Everett
In the Everett area, 12 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 342) and received an average PPP loan of $668,719 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Young Men's Christian Association Of Snohomish County
Brooklyn Bros. Pizzeria, Inc
Service Alternatives, Inc
Everett Recovery Cafe
Two Hearts Pregnancy Aid
Counseling For The Soul LLC
Drug Abuse Council Of Snohomish County
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 95% lower than Volunteers Of America Western Washington's reported 342 employees, and received an average PPP loan of $117,860, 95% lower than this company's loan of $2.54M.
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Footnotes & Information
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