PPP Loan Data — C. Stein, Inc, Boise, ID
C. Stein, Inc is a subchapter s corporation located at 4719 Market Street in Boise, Idaho that received a Coronavirus-related PPP loan from the SBA of $2,331,712.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 225 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
C. Stein, Inc in Boise, ID received a Paycheck Protection Loan of $2.33M through Bank of America, National Association, 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, C. Stein, Inc's 2019 payroll expenses are estimated to be at least $11.19M.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $49,743 per employee1
Reported PPP Proceed Usage:
On the PPP application, C. Stein, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,331,712
Business Information - C. Stein, Inc in Boise, ID
4719 Market Street
Boise, ID 83705
Beer and Ale Merchant Wholesalers
NAICS code 424810
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boise
In the Boise area, 2 businesses in the "Beer and Ale Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 163 employees (compared to this company's 225) and received an average PPP loan of $1,698,630 (compared to this company's $2.33M).
Similar Nearby Businesses Who Received PPP Funding:
Stein Distributing Co Inc
Industry PPP Comparison Statistics
Nationwide, 1,380 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $608.99M 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 40 employees, 82% lower than C. Stein, Inc's reported 225 employees, and received an average PPP loan of $441,295, 81% lower than this company's loan of $2.33M.
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Footnotes & Information
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