PPP Loan Data — Working Lab Capital, LLC, Washington, DC
Working Lab Capital, LLC is a partnership located at 1055 Thomas Jefferson St Nw - Suite L09 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Working Lab Capital, LLC in Washington, DC received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, 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, Working Lab Capital, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Working Lab Capital, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $300
- Rent: $2,100
- Debt Interest: $2,600
Business Information - Working Lab Capital, LLC in Washington, DC
1055 Thomas Jefferson St Nw - Suite L09
Washington, DC 20007
NAICS code 523920
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 6 businesses in the "Portfolio Management" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 2) and received an average PPP loan of $546,274 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Paladin Capital Management
Sweetbay Capital Management LLC
Raffa Wealth Management LLC
Cleanchoice Energy Shared Services, LLC
Cartica Management LLC
Industry PPP Comparison Statistics
Nationwide, 6,153 businesses in the "Portfolio Management" industry received a total of $512.81M 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 6 employees, 200% higher than Working Lab Capital, LLC's reported 2 employees, and received an average PPP loan of $83,343, 233% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!