PPP Loan Data — FOX Architects, LLC, Washington, DC
FOX Architects, LLC is a limited liability company (LLC) located at 1240 22nd St Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $1,150,715.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
FOX Architects, LLC received a Paycheck Protection Loan of $1.15M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, FOX Architects, LLC's total 2019 payroll expenses were approximately $5.52M in order to qualify for the PPP loan amount received.
Based on their reported 73 jobs retained, this equals an estimated average yearly compensation of $75,663 per employee1.
Business Information - FOX Architects, LLC in Washington, DC
1240 22nd St Nw
Washington, DC 20037
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DC-
Similar Companies near Washington
In the Washington area, 16 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 73) and received an average PPP loan of $953,196 (compared to this company's $1.15M).
Similar Nearby Businesses Who Received PPP Funding:
Susan B Schafer
Harpole Architects, PC
Kramer Consulting Services PC
WDG Architecture, PLLC
Quinn Evans Architects, Inc.
DEP Designs, LLC
Spector, Knapp & Baughman, LTD
Industry PPP Comparison Statistics
Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 89% lower than FOX Architects, LLC's reported 73 employees, and received an average PPP loan of $149,750, 87% lower than this company's loan of $1.15M.
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. 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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