PPP Loan Data — Westgroup Edgewater, LLC, Seattle, WA
Westgroup Edgewater, LLC is a limited liability company (LLC) located at 2411 Alaskan Way in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,508,800.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF JACKSON HOLE
Westgroup Edgewater, LLC in Seattle, WA received a Paycheck Protection Loan of $2.51M through BANK OF JACKSON HOLE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Westgroup Edgewater, LLC's total 2019 payroll expenses were approximately $12.04M in order to qualify for the PPP loan amount received.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $49,353 per employee1.
Business Information - Westgroup Edgewater, LLC in Seattle, WA
2411 Alaskan Way
Seattle, WA 98121
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-07
Similar Companies near Seattle
In the Seattle area, 9 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 244) and received an average PPP loan of $710,703 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Vortex Reservations Inc
Kangs Investments, Inc.
Inspired Generation, LLC
Modern Housing LLC
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 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 21 employees, 91% lower than Westgroup Edgewater, LLC's reported 244 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.51M.
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Footnotes & Information
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