PPP Loan Data — WAR Inc, Mill Creek, WA
WAR Inc is a subchapter s corporation located at 17624 15th Avenue Southeast in Mill Creek, Washington that received a Coronavirus-related PPP loan from the SBA of $47,032.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
WAR Inc in Mill Creek, WA received a Paycheck Protection Loan of $47,032 through Cross River Bank, 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, WAR Inc's 2019 payroll expenses are estimated to be at least $225,754.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,813 per employee1
Reported PPP Proceed Usage:
On the PPP application, WAR Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,032
Business Information - WAR Inc in Mill Creek, WA
17624 15th Avenue Southeast
Mill Creek, WA 98012
NAICS code 443142
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,096 businesses in the "Electronics Stores" industry received a total of $848.58M 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 8 employees, 33% lower than WAR Inc's reported 12 employees, and received an average PPP loan of $64,797, 38% higher than this company's loan of $47,032.
FederalPay's PPP Information Policy
Footnotes & Information
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