PPP Loan Data — Foster Garvey PC, Seattle, WA
Foster Garvey PC is a corporation located at 1111 3rd Ave. Suite 3000 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $6,286,690.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Foster Garvey PC in Seattle, WA received a Paycheck Protection Loan of $6.29M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Foster Garvey PC's total 2019 payroll expenses were approximately $30.18M in order to qualify for the PPP loan amount received.
Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $98,938 per employee1.
Business Information - Foster Garvey PC in Seattle, WA
1111 3rd Ave. Suite 3000
Seattle, WA 98101
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-07
Similar Companies near Seattle
In the Seattle area, 141 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 305) and received an average PPP loan of $292,687 (compared to this company's $6.29M).
Similar Nearby Businesses Who Received PPP Funding:
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KAG Law Group PLLC
Law Offices Of Jon M Zimmerman, PLLC
Olive Law Northwest PLLC
Skellenger Bender, P.S.
Law Office Of Kristina C. Udall
Weinstein Caggiano PLLC
Douglas P Levinson,Inc.P.S.
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Foster Garvey PC's reported 305 employees, and received an average PPP loan of $94,010, 99% lower than this company's loan of $6.29M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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