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PPP Loan Data — Karn Charuhas Chapman & Twohey,
Washington, DC
Karn Charuhas Chapman & Twohey
Entity: Corporation
Industry: Architectural Services
Location: Washington, DC
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Karn Charuhas Chapman & Twohey is a corporation located at 1120 Connecticut Ave Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,447,883.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-05-01Lender:
WELLS FARGO BANK, NATIONAL ASSOCIATIONKarn Charuhas Chapman & Twohey in Washington, DC received a Paycheck Protection Loan of $2.45M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Karn Charuhas Chapman & Twohey's total 2019 payroll expenses were approximately $11.75M in order to qualify for the PPP loan amount received.
Unlike most businesses, Karn Charuhas Chapman & Twohey's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Karn Charuhas Chapman & Twohey in Washington, DC
1120 Connecticut Ave Nw
Washington, DC 20036
Business Industry
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional 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 0) and received an average PPP loan of $953,196 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Blackburn Architects PC
Washington, DC
DEP Designs, LLC
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Spector, Knapp & Baughman, LTD
Washington, DC
Quinn Evans Architects, Inc.
Washington, DC
Harpole Architects, PC
Washington, DC
VA-Spaces, LLC
Washington, DC
FOX Architects, LLC
Washington, DC
Alphatec PC
Washington, DC
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, and received an average PPP loan of $149,750, 94% lower than this company's loan of $2.45M.
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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