PPP Loan Data — Mahlum Architects, Inc, Seattle, WA
Mahlum Architects, Inc is a corporation located at 71 Columbia Street Floor 4 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $1,691,100.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 98 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Mahlum Architects, Inc in Seattle, WA received a Paycheck Protection Loan of $1.69M through Zions Bank, A Division of, 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 December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Mahlum Architects, Inc's 2019 payroll expenses are estimated to be at least $8.12M.
Based on their reported 98 jobs retained, this equals an estimated average yearly compensation of $82,829 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mahlum Architects, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,691,100
Business Information - Mahlum Architects, Inc in Seattle, WA
71 Columbia Street Floor 4
Seattle, WA 98104
NAICS code 541310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 74 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 98) and received an average PPP loan of $322,686 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
Johnston Architects, LLC
Miller Hayashi Architects, PLLC
Bassetti Architects, Ps
Paul Moon Design Inc
Jones & Jones Architects And Landscape Archite
Third Place Design Co-Operative Inc
Soldano Luth Architects LLC
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 92% lower than Mahlum Architects, Inc's reported 98 employees, and received an average PPP loan of $129,489, 92% lower than this company's loan of $1.69M.
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Footnotes & Information
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