PPP Loan Data — The Geneva Foundation, Tacoma, WA
The Geneva Foundation is a non-profit organization located at 917 Pacific Ave Ste 600 in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $6,138,840.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Columbia State Bank
The Geneva Foundation in Tacoma, WA received a Paycheck Protection Loan of $6.14M through Columbia State Bank, 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, The Geneva Foundation's 2019 payroll expenses are estimated to be at least $29.47M.
Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $71,869 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Geneva Foundation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,138,840
Business Information - The Geneva Foundation in Tacoma, WA
917 Pacific Ave Ste 600
Tacoma, WA 98402
Research and Development in Nanotechnology
NAICS code 541713
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 845 businesses in the "Research and Development in Nanotechnology" industry received a total of $155.01M 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 13 employees, 97% lower than The Geneva Foundation's reported 410 employees, and received an average PPP loan of $183,442, 97% lower than this company's loan of $6.14M.
FederalPay's PPP Information Policy
Footnotes & Information
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