PPP Loan Data — Ten Gun Design Inc, Edmonds, WA
Ten Gun Design Inc
Entity: Subchapter S Corporation
Location: Edmonds, WATweet This • Search All PPP Data
Ten Gun Design Inc is a subchapter s corporation located at 120 Third Ave S in Edmonds, Washington that received a Coronavirus-related PPP loan from the SBA of $1,846,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Ten Gun Design Inc in Edmonds, WA received a Paycheck Protection Loan of $1.85M through First-Citizens Bank & Trust Company, which was approved in April, 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, Ten Gun Design Inc's 2019 payroll expenses are estimated to be at least $8.87M.
Based on their reported 96 jobs retained, this equals an estimated average yearly compensation of $92,345 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ten Gun Design Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,846,900
Business Information - Ten Gun Design Inc in Edmonds, WA
120 Third Ave S
Edmonds, WA 98020
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Edmonds
In the Edmonds area, 19 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 96) and received an average PPP loan of $134,018 (compared to this company's $1.85M).
Similar Nearby Businesses Who Received PPP Funding:
Dodo Data, LLC
Resolute Strength And Conditioning
Bullpen Consulting II LLC
Pivotal Z LLC
Naka & Lee LLC
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 95% lower than Ten Gun Design Inc's reported 96 employees, and received an average PPP loan of $57,091, 97% lower than this company's loan of $1.85M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!