PPP Loan Data — Zachary Fleet - Fc Leschi LLC, Seattle, WA
Zachary Fleet - Fc Leschi LLC is a limited liability company (LLC) located at 102 Lakeside Ave in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $353,000.00 in February, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Coastal Community Bank
Zachary Fleet - Fc Leschi LLC in Seattle, WA received a Paycheck Protection Loan of $353,000 through Coastal Community Bank, 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
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, Zachary Fleet - Fc Leschi LLC's 2019 payroll expenses are estimated to be at least $1.69M.
Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $48,411 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zachary Fleet - Fc Leschi LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $352,994
- Utilities: $1
Business Information - Zachary Fleet - Fc Leschi LLC in Seattle, WA
102 Lakeside Ave
Seattle, WA 98122
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Zachary Fleet - Fc Leschi LLC.
FC Leschi LLC
Similar Companies near Seattle
In the Seattle area, 282 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 35) and received an average PPP loan of $243,531 (compared to this company's $353,000).
Similar Nearby Businesses Who Received PPP Funding:
Mezcaleria On Pine LLC
Root Culture Lab LLC
Campagne Partners LLC
Simply Soulful Cafe & Espresso
Shinya Shokudo LLC
Annapurna Cafe Inc
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 37% lower than Zachary Fleet - Fc Leschi LLC's reported 35 employees, and received an average PPP loan of $130,209, 63% lower than this company's loan of $353,000.
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.
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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