PPP Loan Data — Oakdale Rva, Ashland, VA
Entity: Limited Liability Company (LLC)
Location: Ashland, VATweet This • Search All PPP Data
Oakdale Rva is a limited liability company (LLC) located at 13497 Ashland Road in Ashland, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Oakdale Rva in Ashland, VA received a Paycheck Protection Loan of $25,000 through Primis 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, Oakdale Rva's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oakdale Rva reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Oakdale Rva in Ashland, VA
13497 Ashland Road
Ashland, VA 23005
Promoters of Performing Arts, Sports, and Similar Events with Facilities
NAICS code 711310
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ashland
In the Ashland area, 4 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $21,744 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Oakdale Rva LLC
The Depot At Cross Brothers
Ashland Theater Foundation
Industry PPP Comparison Statistics
Nationwide, 16,103 businesses in the "Promoters of Performing Arts, Sports, and Similar Events with Facilities" industry received a total of $795.12M 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 6 employees, 50% higher than Oakdale Rva's reported 4 employees, and received an average PPP loan of $49,377, 98% higher than this company's loan of $25,000.
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Footnotes & Information
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