PPP Loan Data — 3MD Inc DBA Denali Advanced Integration, Remond, WA

3MD Inc DBA Denali Advanced Integration

Entity: Corporation

Industry: Unknown

Location: Remond, WA

3MD Inc DBA Denali Advanced Integration is a corporation located at 17735 Ne 65th Street Suite 130 in Remond, Washington that received a Coronavirus-related PPP loan from the SBA of $6,551,385.00 in May, 2020.

$ PPP Loan Information
Loan #4913877708

Loan Size:

$6.55M

Jobs Retained:

475

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

3MD Inc DBA Denali Advanced Integration in Remond, WA received a Paycheck Protection Loan of $6.55M through Wells Fargo Bank, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2022.

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.

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.

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, 3MD Inc DBA Denali Advanced Integration's 2019 payroll expenses are estimated to be at least $31.45M.

Based on their reported 475 jobs retained, this equals an estimated average yearly compensation of $66,203 per employee¹

Reported PPP Proceed Usage:

On the PPP application, 3MD Inc DBA Denali Advanced Integration reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $6,551,385

Because the loan received by 3MD Inc DBA Denali Advanced Integration 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 - 3MD Inc DBA Denali Advanced Integration in Remond, WA

3MD Inc DBA Denali Advanced Integration
17735 Ne 65th Street Suite 130
Remond, WA 98052

Business Industry:
Unknown
NAICS code 0

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-01

Similar Companies near Remond

In the Remond area, 2,777 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 475) and received an average PPP loan of $129,610 (compared to this company's $6.55M).

Similar Nearby Businesses Who Received PPP Funding:

Michael Jule Romano
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RUX Enterprises
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3BS Bar And Grill
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Lpshelby Enterprises LLC
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$5,022 PPP Loan

Kelhan Corp
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$33,450 PPP Loan

CHE Vo & Cac Con LLC DBA 88 Kirkland Salon
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$30,000 PPP Loan

Tina Harleen Subherwal DDS Professional
Redmond, WA

$36,016 PPP Loan

Michaela Avery
Redmond, WA

$8,050 PPP Loan

JCS Clean Corporation
Redmond, WA

$12,105 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 132,326 businesses in the "Unknown" industry received a total of $5.85B 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 13 employees, 97% lower than 3MD Inc DBA Denali Advanced Integration's reported 475 employees, and received an average PPP loan of $44,230, 99% lower than this company's loan of $6.55M.

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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