PPP Loan Data — Blackstone Audio, Inc, Ashland, OR
Blackstone Audio, Inc
Entity: Sole Proprietorship
Location: Ashland, ORTweet This • Search All PPP Data
Blackstone Audio, Inc is a sole proprietorship located at 31 Mistletoe Road in Ashland, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,336,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Blackstone Audio, Inc in Ashland, OR received a Paycheck Protection Loan of $2.34M through Customers Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Blackstone Audio, Inc's 2019 payroll expenses are estimated to be at least $11.21M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $56,069 per employee1
Reported PPP Proceed Usage:
On the PPP application, Blackstone Audio, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,336,200
Business Information - Blackstone Audio, Inc in Ashland, OR
31 Mistletoe Road
Ashland, OR 97520
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ashland
In the Ashland area, 23 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 200) and received an average PPP loan of $140,879 (compared to this company's $2.34M).
Similar Nearby Businesses Who Received PPP Funding:
Pura Biosciences LLC
Great Scott Spice Shop
Sacred Lotus Productions, LLC
Jupiter Row LLC
Jacksonville Mercantile Inc
Bortman Trading, Inc
Earth Paints LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Blackstone Audio, Inc's reported 200 employees, and received an average PPP loan of $34,329, 99% lower than this company's loan of $2.34M.
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Footnotes & Information
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