PPP Loan Data — Colima Construction LLC, Canby, OR
Colima Construction LLC
Entity: Limited Liability Company (LLC)
Location: Canby, ORTweet This • Search All PPP Data
Colima Construction LLC is a limited liability company (LLC) located at 721 Se 1st Ave in Canby, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,105,700.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Trust Bank
Colima Construction LLC in Canby, OR received a Paycheck Protection Loan of $2.11M through Washington Trust Bank, which was approved in August, 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, Colima Construction LLC's 2019 payroll expenses are estimated to be at least $10.11M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $20,215 per employee1
Reported PPP Proceed Usage:
On the PPP application, Colima Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,105,700
Business Information - Colima Construction LLC in Canby, OR
721 Se 1st Ave
Canby, OR 97013
New Multifamily Housing Construction (except For-Sale Builders)
NAICS code 236116
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,259 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $1.11B 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 8 employees, 98% lower than Colima Construction LLC's reported 500 employees, and received an average PPP loan of $83,412, 96% lower than this company's loan of $2.11M.
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Footnotes & Information
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