PPP Loan Data — Museum Of Flight Foundation, Seattle, WA
Museum Of Flight Foundation is a professional association located at 9404 E Marginal Way S in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,533,007.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Museum Of Flight Foundation in Seattle, WA received a Paycheck Protection Loan of $2.53M 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 June, 2021.
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, Museum Of Flight Foundation's 2019 payroll expenses are estimated to be at least $12.16M.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $62,033 per employee1
Reported PPP Proceed Usage:
On the PPP application, Museum Of Flight Foundation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,533,007
Business Information - Museum Of Flight Foundation in Seattle, WA
9404 E Marginal Way S
Seattle, WA 98108
NAICS code 712110
Business Owner Demographics
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, 18 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 196) and received an average PPP loan of $736,580 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Friends Of Kexp
Mach 2 Artsinc
Nordic Heritage Museum Foundation
Seattle Children's Museum
Experience Learning Community
Pacific Science Center Foundation
The Center For Wooden Boats
Historical Society Of Seattle And King County
Industry PPP Comparison Statistics
Nationwide, 7,177 businesses in the "Museums" industry received a total of $1.13B 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 18 employees, 91% lower than Museum Of Flight Foundation's reported 196 employees, and received an average PPP loan of $156,908, 94% lower than this company's loan of $2.53M.
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Footnotes & Information
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