PPP Loan Data — Brivo Corp, Cheney, WA
Brivo Corp is a corporation located at 19720 W Baker Rd in Cheney, Washington that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
Brivo Corp in Cheney, WA received a Paycheck Protection Loan of $25,100 through Washington Trust Bank, 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 February, 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, Brivo Corp's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brivo Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Brivo Corp in Cheney, WA
19720 W Baker Rd
Cheney, WA 99004
New Housing For-Sale Builders
NAICS code 236117
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cheney
In the Cheney area, 2 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $21,300 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
NRG Property Management, Inc
Industry PPP Comparison Statistics
Nationwide, 13,447 businesses in the "New Housing For-Sale Builders" industry received a total of $1.03B 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 7 employees, 250% higher than Brivo Corp's reported 2 employees, and received an average PPP loan of $76,411, 204% higher than this company's loan of $25,100.
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Footnotes & Information
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