PPP Loan Data — The Northwest School Of The Arts,Humanities And The Environm, Seattle, WA
The Northwest School Of The Arts,Humanities And The Environm is a non-profit organization located at 1415 Summit Avenue in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,368,025.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
The Northwest School Of The Arts,Humanities And The Environm in Seattle, WA received a Paycheck Protection Loan of $2.37M through U.S. Bank, National Association, 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 Northwest School Of The Arts,Humanities And The Environm's 2019 payroll expenses are estimated to be at least $11.37M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $56,833 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Northwest School Of The Arts,Humanities And The Environm reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,368,025
Business Information - The Northwest School Of The Arts,Humanities And The Environm in Seattle, WA
1415 Summit Avenue
Seattle, WA 98122
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 7 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 200) and received an average PPP loan of $699,680 (compared to this company's $2.37M).
Similar Nearby Businesses Who Received PPP Funding:
The Northwest School Of The Arts Humani
Seattle Classical Christian School
Peaceful Place Montessori
Seattle School For Boys
Industry PPP Comparison Statistics
Nationwide, 22,714 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 81% lower than The Northwest School Of The Arts,Humanities And The Environm's reported 200 employees, and received an average PPP loan of $323,643, 86% lower than this company's loan of $2.37M.
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.
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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