Coronavirus Relief Loans In Seattle: Where PPP Money Went

SEATTLE, WA — Nearly 16,000 Washington businesses and non-profits have received loans from the Paycheck Protection Program, or PPP, to help pay their employees during the coronavirus pandemic.

PPP loans were established as part of the federal government's CARES Act, and are similar to grants: they will be forgiven as long as businesses keep its employees on their payroll, without cutting their pay. However, the money does not necessarily have to go directly to employees as long as the business keeps paying them, it can also be used to pay interest on mortgages, rent, and utilities.

On Monday, the U.S. Small Business Administration released data showing that nearly 5 million businesses have received PPP loans totaling over $521,000,000,000. The U.S. Treasury says that money has supported 51.1 million jobs, as much as 84 percent of America's small business employees.

Here's an interactive map that shows many of the businesses that received PPP loans valued above $150,000 in Seattle:

Here are a few local businesses who received PPP funds:

PPP between $150K - $350K

1. Serious Pie Inc.
2. Easy Street Records
3. Mighty-O Corp.

PPP between $350K - $1 million

1. Ezell's Fried Chicken
2. SIFF
3. Sub Pop Records

PPP between $1 million - $2 million

1. Canlis Inc.
2. Chihuly, Inc.
3. Friends of KEXP

PPP between $2 million - $5 million

1. 5th Avenue Theatre Association
2. Boys & Girls Clubs of King County
3. Dick's Drive-Ins

PPP between $5 million - 6;10 million

1. Ivars Inc.
2. Woodland Park Zoological Society
3. UW Physicians Network

Search a complete database of payments above $150,000

Here is a complete list of all Washington businesses who have received PPP loans over $150,000. Tens of thousands more businesses received loans under $150,000.

Learn more about PPP loans at the SBA's website here.