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PPP Loan Data — Quinn Evans Architects, Inc., Washington, DC

SBA PPP loan data, payroll data, and salaries for Quinn Evans Architects, Inc.
DC

Quinn Evans Architects, Inc.

Entity: Corporation

Industry: Architectural Services

Location: Washington, DC

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Quinn Evans Architects, Inc. is a corporation located at 2121 Ward Place Nw 4th Floor in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $3,445,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.45M

Jobs Retained:

190

Loan Approved:

2020-04-15

Lender:

LEVEL ONE BANK

Quinn Evans Architects, Inc. received a Paycheck Protection Loan of $3.45M through LEVEL ONE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Quinn Evans Architects, Inc.'s total 2019 payroll expenses were approximately $16.54M in order to qualify for the PPP loan amount received.

Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $87,034 per employee1.

Because the loan received by Quinn Evans Architects, 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 - Quinn Evans Architects, Inc. in Washington, DC

Quinn Evans Architects, Inc.
2121 Ward Place Nw 4th Floor
Washington, DC 20037

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 190) and received an average PPP loan of $953,196 (compared to this company's $3.45M).

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, 96% lower than Quinn Evans Architects, Inc.'s reported 190 employees, and received an average PPP loan of $149,750, 96% lower than this company's loan of $3.45M.

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, 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.

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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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Source: www.federalpay.org/paycheck-protection-program/quinn-evans-architects-inc-washington-dc