PPP Loan Data — Nicholas King LLC, Salem, OR
Nicholas King LLC
Entity: Subchapter S Corporation
Location: Salem, ORTweet This • Search All PPP Data
Nicholas King LLC is a subchapter s corporation located at 250 14th St Ne in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $12,750.00 in April, 2020.
$ PPP Loan Information
Lender:MARION & POLK SCHOOLS CU
Nicholas King LLC received a Paycheck Protection Loan of $12,750 through MARION & POLK SCHOOLS CU, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Nicholas King LLC's total 2019 payroll expenses were approximately $61,200 in order to qualify for the PPP loan amount received.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $61,200 per employee1.
Business Information - Nicholas King LLC in Salem, OR
250 14th St Ne
Salem, OR 97301
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-05
Similar Companies near Salem
In the Salem area, 16 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 1) and received an average PPP loan of $515,707 (compared to this company's $12,750).
Similar Nearby Businesses Who Received PPP Funding:
Evergreen Plumbing And Mechanical LLC
Vicon Mechanical Contractor, Inc.
Salem Air Cleaner, Inc
JET Industries, Inc
Day Heating Co.
Oregon Cascade Plumbing And Heating Inc
Instant Fire Protection Co
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 1000% higher than Nicholas King LLC's reported 1 employees, and received an average PPP loan of $154,981, 1116% higher than this company's loan of $12,750.
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.
Footnotes & Information
1. 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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