PPP Loan Data — King Estate Winery Limited Partners, Eugene, OR
King Estate Winery Limited Partners is a limited liability partnership located at 80854 Territorial Hwy in Eugene, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,732,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
King Estate Winery Limited Partners in Eugene, OR received a Paycheck Protection Loan of $1.73M through KeyBank National Association, which was approved in April, 2020.
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, King Estate Winery Limited Partners' 2019 payroll expenses are estimated to be at least $8.32M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $63,969 per employee1
Reported PPP Proceed Usage:
On the PPP application, King Estate Winery Limited Partners reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,732,500
Business Information - King Estate Winery Limited Partners in Eugene, OR
80854 Territorial Hwy
Eugene, OR 97405
NAICS code 312130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Eugene
In the Eugene area, 5 businesses in the "Wineries" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 130) and received an average PPP loan of $708,760 (compared to this company's $1.73M).
Similar Nearby Businesses Who Received PPP Funding:
Abbelone Vineyard LLC
King Estate Winery LP
Sweet Cheeks Vineyards Inc
Briggs Hill Investments
Industry PPP Comparison Statistics
Nationwide, 5,417 businesses in the "Wineries" industry received a total of $560.85M 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 13 employees, 90% lower than King Estate Winery Limited Partners' reported 130 employees, and received an average PPP loan of $103,536, 94% lower than this company's loan of $1.73M.
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Footnotes & Information
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