PPP Loan Data — Animal Oasis Inc, Ammon, ID
Animal Oasis Inc is a corporation located at 4372 E 17th Street in Ammon, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Idaho
Animal Oasis Inc in Ammon, ID received a Paycheck Protection Loan of $25,000 through Bank of Idaho, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Animal Oasis Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Animal Oasis Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Animal Oasis Inc in Ammon, ID
4372 E 17th Street
Ammon, ID 83406
Pet Care (except Veterinary) Services
NAICS code 812910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 32,185 businesses in the "Pet Care (except Veterinary) Services" industry received a total of $1.07B 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 6 employees, 14% lower than Animal Oasis Inc's reported 7 employees, and received an average PPP loan of $33,319, 33% higher than this company's loan of $25,000.
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Footnotes & Information
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