PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Mchenry Acquisition Company LLC, Corvallis, OR

ALERT: There are 2 PPP loans for a total of $98,534 in our database for businesses with the name "Mchenry Acquisition Company LLC" in Corvallis, OR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Mchenry Acquisition Company LLC
OR

Mchenry Acquisition Company LLC

Entity: Limited Liability Company (LLC)

Industry: Cemeteries and Crematories

Location: Corvallis, OR

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Mchenry Acquisition Company LLC is a limited liability company (LLC) located at 206 Nw 5th St in Corvallis, Oregon that received a Coronavirus-related PPP loan from the SBA of $51,952.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.

$ PPP Loan Information
Loan #8644708502

Loan Size:

$51,952

Jobs Retained:

8

Loan Approved:

2021-03-10

Loan Status:

Ongoing Loan

Lender:

Glacier Bank

Mchenry Acquisition Company LLC in Corvallis, OR received a Paycheck Protection Loan of $51,952 through Glacier Bank, which was approved in March, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Mchenry Acquisition Company LLC's 2019 payroll expenses are estimated to be at least $249,370.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $31,171 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mchenry Acquisition Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $51,950
  • Utilities: $1

Business Information - Mchenry Acquisition Company LLC in Corvallis, OR

Mchenry Acquisition Company LLC
206 Nw 5th St
Corvallis, OR 97330

Business Industry:
Cemeteries and Crematories
NAICS code 812220

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Benton County, OR — SBA Office 1086 — Congressional District: OR-04

Industry PPP Comparison Statistics

Nationwide, 1,538 businesses in the "Cemeteries and Crematories" industry received a total of $107.63M 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, 13% higher than Mchenry Acquisition Company LLC's reported 8 employees, and received an average PPP loan of $69,978, 35% higher than this company's loan of $51,952.

SBA PPP loan data, payroll data, and salaries for Mchenry Acquisition Company LLC
OR

Mchenry Acquisition Company LLC

Entity: Limited Liability Company (LLC)

Industry: Funeral Homes and Funeral Services

Location: Corvallis, OR

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Mchenry Acquisition Company LLC is a limited liability company (LLC) located at 206 Nw 5th in Corvallis, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,582.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #6112127008

Loan Size:

$46,582

Jobs Retained:

4

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

Glacier Bank

Mchenry Acquisition Company LLC in Corvallis, OR received a Paycheck Protection Loan of $46,582 through Glacier Bank, 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 December, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Mchenry Acquisition Company LLC's 2019 payroll expenses are estimated to be at least $223,594.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,899 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mchenry Acquisition Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,582

Business Information - Mchenry Acquisition Company LLC in Corvallis, OR

Mchenry Acquisition Company LLC
206 Nw 5th
Corvallis, OR 97330

Business Industry:
Funeral Homes and Funeral Services
NAICS code 812210

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Benton County, OR — SBA Office 1086 — Congressional District: OR-04

Similar Companies near Corvallis

In the Corvallis area, 2 businesses in the "Funeral Homes and Funeral Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $36,384 (compared to this company's $46,582).

Similar Nearby Businesses Who Received PPP Funding:

Demoss-Durdan Acquisition Company, LLC
Corvallis, OR

$26,185 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 10,120 businesses in the "Funeral Homes and Funeral Services" industry received a total of $621.85M 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 8 employees, 100% higher than Mchenry Acquisition Company LLC's reported 4 employees, and received an average PPP loan of $61,448, 32% higher than this company's loan of $46,582.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/mchenry-acquisition-company-llc-corvallis-or