PPP Loan Data — Olson Kundig Inc, Seattle, WA

Olson Kundig Inc

Entity: Subchapter S Corporation

Industry: Architectural Services

Location: Seattle, WA

Olson Kundig Inc is a subchapter s corporation located at 159 S. Jackson Street Unit 600 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $3,540,500.00 in April, 2020.

$ PPP Loan Information
Loan #6429427209

Loan Size:

$3.54M

Jobs Retained:

185

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Zions Bank, A Division of

Olson Kundig Inc in Seattle, WA received a Paycheck Protection Loan of $3.54M 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, Olson Kundig Inc's 2019 payroll expenses are estimated to be at least $16.99M.

Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $91,862 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Olson Kundig Inc reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,540,500

Because the loan received by Olson Kundig Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Olson Kundig Inc in Seattle, WA

Olson Kundig Inc
159 S. Jackson Street Unit 600
Seattle, WA 98104

Business Industry:
Architectural Services
NAICS code 541310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-07

Similar Companies near Seattle

In the Seattle area, 73 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 185) and received an average PPP loan of $326,836 (compared to this company's $3.54M).

Similar Nearby Businesses Who Received PPP Funding:

Tom Kuniholm Architects
Seattle, WA

$18,152 PPP Loan

LMN Architects, LLP
Seattle, WA

$2.78M PPP Loan

J.a.s. Design-Build, Inc
Seattle, WA

$1.62M PPP Loan

Cast Architecture PLLC
Seattle, WA

$116,658 PPP Loan

Make Design Studio LLC
Seattle, WA

$17,170 PPP Loan

Gocstudio, LLC
Seattle, WA

$32,655 PPP Loan

48 North Solutions, Inc
Seattle, WA

$46,355 PPP Loan

Beierle Janof Architecture & Gardens, Inc
Seattle, WA

$22,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 28,754 businesses in the "Architectural Services" industry received a total of $3.75B 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 9 employees, 95% lower than Olson Kundig Inc's reported 185 employees, and received an average PPP loan of $130,371, 96% lower than this company's loan of $3.54M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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