PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Winds Aloft LLC, Gig Harbor, WA

ALERT: There are 2 PPP loans for a total of $2.09M in our database for businesses with the name "Winds Aloft LLC" in Gig Harbor, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Winds Aloft LLC

FRANCHISE

WA

Winds Aloft LLC

Entity: Limited Liability Company (LLC)

Industry: Barber Shops

Franchise: Great Clips

Location: Gig Harbor, WA

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Winds Aloft LLC is a limited liability company (LLC) located at 3519 56th St Ste 225 in Gig Harbor, Washington that received a Coronavirus-related PPP loan from the SBA of $1,042,707.00 in February, 2021. This business is a Great Clips franchise.

The company has reported itself as a White male veteran owned business, and employed at least 220 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7197598400

Loan Size:

$1.04M

Jobs Retained:

220

Loan Approved:

2021-02-11

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Winds Aloft LLC in Gig Harbor, WA received a Paycheck Protection Loan of $1.04M through Bank of America, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Winds Aloft LLC's 2019 payroll expenses are estimated to be at least $5M.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $22,750 per employee1

Reported PPP Proceed Usage:

On the PPP application, Winds Aloft LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,042,702
  • Utilities: $1

Business Information - Winds Aloft LLC in Gig Harbor, WA

Winds Aloft LLC
3519 56th St Ste 225
Gig Harbor, WA 98335

Business Industry:
Barber Shops
NAICS code 812111

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Pierce County, WA — SBA Office 1013 — Congressional District: WA-06

Similar Companies near Gig Harbor

In the Gig Harbor area, 4 businesses in the "Barber Shops" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 220) and received an average PPP loan of $265,164 (compared to this company's $1.04M).

Industry PPP Comparison Statistics

Nationwide, 135,477 businesses in the "Barber Shops" industry received a total of $2.46B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 99% lower than Winds Aloft LLC's reported 220 employees, and received an average PPP loan of $18,164, 98% lower than this company's loan of $1.04M.

SBA PPP loan data, payroll data, and salaries for Winds Aloft LLC
WA

Winds Aloft LLC

Entity: Limited Liability Company (LLC)

Industry: Beauty Salons

Location: Gig Harbor, WA

Search All PPP Data

Winds Aloft LLC is a limited liability company (LLC) located at 3519 56th St Ste 225 in Gig Harbor, Washington that received a Coronavirus-related PPP loan from the SBA of $1,042,707.00 in May, 2020.

The company has reported itself as a White male veteran owned business, and employed at least 227 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5538337701

Loan Size:

$1.04M

Jobs Retained:

227

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Winds Aloft LLC in Gig Harbor, WA received a Paycheck Protection Loan of $1.04M through Bank of America, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Winds Aloft LLC's 2019 payroll expenses are estimated to be at least $5M.

Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $22,048 per employee1

Reported PPP Proceed Usage:

On the PPP application, Winds Aloft LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,042,707

Business Information - Winds Aloft LLC in Gig Harbor, WA

Winds Aloft LLC
3519 56th St Ste 225
Gig Harbor, WA 98335

Business Industry:
Beauty Salons
NAICS code 812112

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Pierce County, WA — SBA Office 1013 — Congressional District: WA-06

Similar Companies near Gig Harbor

In the Gig Harbor area, 34 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 227) and received an average PPP loan of $78,977 (compared to this company's $1.04M).

Industry PPP Comparison Statistics

Nationwide, 489,088 businesses in the "Beauty Salons" industry received a total of $9.13B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 99% lower than Winds Aloft LLC's reported 227 employees, and received an average PPP loan of $18,663, 98% lower than this company's loan of $1.04M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/winds-aloft-llc-gig-harbor-wa