PPP Loan Data — Englund Marine Supply Co, Astoria, OR
Englund Marine Supply Co
Location: Astoria, ORTweet This • Search All PPP Data
Englund Marine Supply Co is a corporation located at 95 Hamburg Ave in Astoria, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,892,698.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Englund Marine Supply Co in Astoria, OR received a Paycheck Protection Loan of $1.89M through U.S. Bank, National Association, which was approved in April, 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 February, 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, Englund Marine Supply Co's 2019 payroll expenses are estimated to be at least $9.08M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $69,884 per employee1
Reported PPP Proceed Usage:
On the PPP application, Englund Marine Supply Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,892,698
Business Information - Englund Marine Supply Co in Astoria, OR
95 Hamburg Ave
Astoria, OR 97103
Sporting and Recreational Goods and Supplies Merchant Wholesalers
NAICS code 423910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 6,584 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a total of $632.92M 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, 92% lower than Englund Marine Supply Co's reported 130 employees, and received an average PPP loan of $96,130, 95% lower than this company's loan of $1.89M.
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Footnotes & Information
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