PPP Loan Data — Lightforce USA, Inc, Orofino, ID
Lightforce USA, Inc
Location: Orofino, IDTweet This • Search All PPP Data
Lightforce USA, Inc is a corporation located at 336 Hazen Ln in Orofino, Idaho that received a Coronavirus-related PPP loan from the SBA of $1,926,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Idaho First Bank
Lightforce USA, Inc in Orofino, ID received a Paycheck Protection Loan of $1.93M through Idaho First Bank, 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, Lightforce USA, Inc's 2019 payroll expenses are estimated to be at least $9.25M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $67,991 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lightforce USA, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,926,400
Business Information - Lightforce USA, Inc in Orofino, ID
336 Hazen Ln
Orofino, ID 83544
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, 93% lower than Lightforce USA, Inc's reported 136 employees, and received an average PPP loan of $96,130, 95% lower than this company's loan of $1.93M.
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Footnotes & Information
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