PPP Loan Data — Dong Khanh, Boise, ID
Dong Khanh is a limited liability company (LLC) located at 2137 S. Broadway Ave in Boise, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
The company has reported itself as an Asian male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Dong Khanh in Boise, ID received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, which was approved in June, 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, Dong Khanh's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dong Khanh reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Dong Khanh in Boise, ID
2137 S. Broadway Ave
Boise, ID 83706
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Boise
In the Boise area, 67 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 9) and received an average PPP loan of $87,220 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Triple B Investments
Sawyer Shadow LLC
Brian Freeze Ice Cream Compan, LLC DBA Kopper Kitchen One
Food Land Market LLC
Five Year Plan LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 144% higher than Dong Khanh's reported 9 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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