PPP Loan Data — Mckenna Door And Millwork, Roy, WA
Mckenna Door And Millwork is a corporation located at 35009 46th Ave S in Roy, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:1st Security Bank of Washington
Mckenna Door And Millwork in Roy, WA received a Paycheck Protection Loan of $25,000 through 1st Security Bank of Washington, which was approved in January, 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
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, Mckenna Door And Millwork's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mckenna Door And Millwork reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mckenna Door And Millwork in Roy, WA
35009 46th Ave S
Roy, WA 98580
Wood Window and Door Manufacturing
NAICS code 321911
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,329 businesses in the "Wood Window and Door Manufacturing" industry received a total of $269.4M 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 19 employees, 533% higher than Mckenna Door And Millwork's reported 3 employees, and received an average PPP loan of $202,705, 711% higher than this company's loan of $25,000.
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Footnotes & Information
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