PPP Loan Data — Duke's Canoe Club LLC, Lahaina, HI
Duke's Canoe Club LLC is a limited liability company (LLC) located at 40 Kupuohi St Ste 206 in Lahaina, Hawaii that received a Coronavirus-related PPP loan from the SBA of $1,693,856.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least 171 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central Pacific Bank
Duke's Canoe Club LLC in Lahaina, HI received a Paycheck Protection Loan of $1.69M through Central Pacific Bank, which was approved in January, 2021.
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, Duke's Canoe Club LLC's 2019 payroll expenses are estimated to be at least $8.13M.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $47,547 per employee1
Reported PPP Proceed Usage:
On the PPP application, Duke's Canoe Club LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,693,851
- Utilities: $1
Business Information - Duke's Canoe Club LLC in Lahaina, HI
40 Kupuohi St Ste 206
Lahaina, HI 96761
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lahaina
In the Lahaina area, 93 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 171) and received an average PPP loan of $518,101 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
HO Hui, LLC
Noodle Bar LLC
Drink Enterprises LLC
TS Merriman, Inc
Amore Mio LLC
Moku Roots LLC
Pho Saigon 808 LLC
658 Fron Street, HI
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, 87% lower than Duke's Canoe Club LLC's reported 171 employees, and received an average PPP loan of $129,504, 92% lower than this company's loan of $1.69M.
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Footnotes & Information
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