Redmond, WA — PPP Loan Data

Redmond, Washington received 2,725 Paycheck Protection Program loans totaling $346.9M. The average loan in the city was $127,310 — above the national program average of approximately $67,000.

96.9% of loans in Redmond — totaling $336.3M — 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 Redmond were SEQUOYAH ELECTRIC, LLC ($7,953,000), GEOENGINEERS, INC. ($6,553,312), and PACTERA TECHNOLOGIES NA INC ($6,453,179).

The most active industry sector in Redmond was Accommodation and Food Services with 171 loans worth $19.0M, followed by Computer Systems Design and Related Services (131 loans).

Applicants in Redmond reported retaining 30,219 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.

Redmond 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.