PPP Loan Data — Megaphone Coffee Co. LLC, Bend, OR
Megaphone Coffee Co. LLC is a corporation located at 1009 Sw Glveston Ave in Bend, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,378.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
Megaphone Coffee Co. LLC in Bend, OR received a Paycheck Protection Loan of $25,378 through First Interstate 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 February, 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, Megaphone Coffee Co. LLC's 2019 payroll expenses are estimated to be at least $121,814.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,363 per employee1
Reported PPP Proceed Usage:
On the PPP application, Megaphone Coffee Co. LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,378
Business Information - Megaphone Coffee Co. LLC in Bend, OR
1009 Sw Glveston Ave
Bend, OR 97702
Coffee and Tea Manufacturing
NAICS code 311920
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bend
In the Bend area, 8 businesses in the "Coffee and Tea Manufacturing" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 5) and received an average PPP loan of $37,429 (compared to this company's $25,378).
Similar Nearby Businesses Who Received PPP Funding:
Strictly Organic Coffee Company
Top Leaf Mate LLC
My Chai Inc
Laui Life Coffee LLC
Industry PPP Comparison Statistics
Nationwide, 2,952 businesses in the "Coffee and Tea Manufacturing" industry received a total of $243.74M 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 11 employees, 120% higher than Megaphone Coffee Co. LLC's reported 5 employees, and received an average PPP loan of $82,568, 225% higher than this company's loan of $25,378.
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Footnotes & Information
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