Lynnwood, WA — PPP Loan Data

Lynnwood, Washington received 3,434 Paycheck Protection Program loans totaling $240.2M. The average loan in the city was $69,955 — above the national program average of approximately $67,000.

95.6% of loans in Lynnwood — totaling $234.6M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.

Among the largest disclosed recipients in Lynnwood were NEWWAY FORMING INC ($3,000,000), WASHINGTON ENERGY SERVICES COMPANY LLC ($2,778,400), and HARRIS-FORD, INC ($2,408,463).

The most active industry sector in Lynnwood was Taxi and Limousine Service with 302 loans worth $3.2M, followed by Accommodation and Food Services (210 loans).

Applicants in Lynnwood reported retaining 25,273 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.

Lynnwood is part of Washington, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.