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PPP Loan Data — Washington Gastroenterology PLLC, Tacoma, WA

SBA PPP loan data, payroll data, and salaries for Washington Gastroenterology PLLC
WA

Washington Gastroenterology PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Tacoma, WA

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Washington Gastroenterology PLLC is a limited liability company (LLC) located at 3209 S 23rd St in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $3,617,148.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.62M

Jobs Retained:

266

Loan Approved:

2020-04-12

Lender:

KEYBANK NATIONAL ASSOCIATION

Washington Gastroenterology PLLC in Tacoma, WA received a Paycheck Protection Loan of $3.62M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Washington Gastroenterology PLLC's total 2019 payroll expenses were approximately $17.36M in order to qualify for the PPP loan amount received.

Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $65,272 per employee1.

Because the loan received by Washington Gastroenterology PLLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Washington Gastroenterology PLLC in Tacoma, WA

Washington Gastroenterology PLLC
3209 S 23rd St
Tacoma, WA 98405

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WA-06

Similar Companies near Tacoma

In the Tacoma area, 45 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 266) and received an average PPP loan of $352,712 (compared to this company's $3.62M).

Industry PPP Comparison Statistics

Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 96% lower than Washington Gastroenterology PLLC's reported 266 employees, and received an average PPP loan of $138,136, 96% lower than this company's loan of $3.62M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/washington-gastroenterology-pllc-tacoma-wa