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PPP Loan Data — Bloomapi Inc,
Seattle, WA
Bloomapi Inc
Entity: Corporation
Industry: Software Publishers
Location: Seattle, WA
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Bloomapi Inc is a corporation located at 300 Lenora St # 963 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $43,918.00 in April, 2021.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
$
PPP Loan Information
Loan #9614648708
Loan Size:
Jobs Retained:
2Loan Approved:
2021-04-09Loan Status:
Paid in Full or ForgivenLender:
Silicon Valley BankBloomapi Inc in Seattle, WA received a Paycheck Protection Loan of $43,918 through Silicon Valley Bank, which was approved in April, 2021.
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 September, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 2 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 MoreUnderstanding 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 MoreBased 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, Bloomapi Inc's 2019 payroll expenses are estimated to be at least $210,806 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Bloomapi Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $43,918
Business Information - Bloomapi Inc in Seattle, WA
300 Lenora St # 963
Seattle, WA 98121
Business Industry:
Software Publishers
NAICS code 511210
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 20 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 2) and received an average PPP loan of $218,125 (compared to this company's $43,918).
Similar Nearby Businesses Who Received PPP Funding:
Blocktronaut LLC
Seattle, WA
Sirqul Inc
Seattle, WA
Unearth Technologies, Inc
Seattle, WA
Shawn Conn
Seattle, WA
Endeavor One Inc
Seattle, WA
Rainway, Inc
Seattle, WA
Fraxion Spend Management LLC
Seattle, WA
Saykara, Inc
Seattle, WA
Hospitality Online Inc
Seattle, WA
Industry PPP Comparison Statistics
Nationwide, 13,334 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 550% higher than Bloomapi Inc's reported 2 employees, and received an average PPP loan of $204,573, 366% higher than this company's loan of $43,918.
Bloomapi, Inc
Entity: Corporation
Industry: Software Publishers
Location: Seattle, WA
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Bloomapi, Inc is a corporation located at 1904 3rd Ave, Suite 228 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $127,009.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least eight people during the applicable loan loan period.
$
PPP Loan Information
Loan #5951717200
Loan Size:
Jobs Retained:
8Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Silicon Valley BankBloomapi, Inc in Seattle, WA received a Paycheck Protection Loan of $127,009 through Silicon Valley Bank, which was approved in April, 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.
Read MoreUnderstanding 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 MoreBased 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, Bloomapi, Inc's 2019 payroll expenses are estimated to be at least $609,643.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $76,205 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bloomapi, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $112,777
- Mortgage Interest: $14,232
Business Information - Bloomapi, Inc in Seattle, WA
1904 3rd Ave, Suite 228
Seattle, WA 98101
Business Industry:
Software Publishers
NAICS code 511210
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 23 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 8) and received an average PPP loan of $921,575 (compared to this company's $127,009).
Similar Nearby Businesses Who Received PPP Funding:
Spiral Genetics, Inc
Seattle, WA
Groupfabric Inc
Seattle, WA
Onehub, Inc
Seattle, WA
Deep Think Technologies, LLC
Seattle, WA
Docket Technologies Inc
Seattle, WA
Promethean Inc
Seattle, WA
Conenza, Inc
Seattle, WA
Vysor Inc
Seattle, WA
Riot Insight Inc
Seattle, WA
Industry PPP Comparison Statistics
Nationwide, 13,334 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 63% higher than Bloomapi, Inc's reported 8 employees, and received an average PPP loan of $204,573, 61% higher than this company's loan of $127,009.
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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