PPP Loan Data — Grayback Forestry Inc, Merlin, OR
Grayback Forestry Inc is a corporation located at 1150 Ort Ln in Merlin, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 259 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Interstate Bank
Grayback Forestry Inc in Merlin, OR received a Paycheck Protection Loan of $2M through First Interstate Bank, which was approved in January, 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, Grayback Forestry Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $37,066 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grayback Forestry Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,999
- Utilities: $1
Business Information - Grayback Forestry Inc in Merlin, OR
1150 Ort Ln
Merlin, OR 97532
Support Activities for Forestry
NAICS code 115310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Merlin
In the Merlin area, 2 businesses in the "Support Activities for Forestry" industry received a PPP loan. These local businesses reported an average of 272 employees (compared to this company's 259) and received an average PPP loan of $1,662,165 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Grayback Forestry Contracting In
Industry PPP Comparison Statistics
Nationwide, 3,459 businesses in the "Support Activities for Forestry" industry received a total of $252.86M 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 9 employees, 97% lower than Grayback Forestry Inc's reported 259 employees, and received an average PPP loan of $73,103, 96% lower than this company's loan of $2M.
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Footnotes & Information
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