PPP Loan Data — Chelan Organics LLC, Woodinville, WA
Chelan Organics LLC is a limited liability company (LLC) located at 18417 Ne 137th St in Woodinville, Washington that received a Coronavirus-related PPP loan from the SBA of $46,875.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Chelan Organics LLC in Woodinville, WA received a Paycheck Protection Loan of $46,875 through Wells Fargo Bank, National Association, which was approved in May, 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 May, 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, Chelan Organics LLC's 2019 payroll expenses are estimated to be at least $225,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chelan Organics LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,875
Business Information - Chelan Organics LLC in Woodinville, WA
18417 Ne 137th St
Woodinville, WA 98072
Fruit and Vegetable Markets
NAICS code 445230
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,595 businesses in the "Fruit and Vegetable Markets" industry received a total of $160.45M 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 10 employees, 100% higher than Chelan Organics LLC's reported 5 employees, and received an average PPP loan of $61,829, 32% higher than this company's loan of $46,875.
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Footnotes & Information
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